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Auctioneer, oil field service firm watch price of crude

By JACK WEATHERLY In the past two years, coinciding with the downturn in oil and natural gas exploration in the country, equipment sales have grown to 15 to 20 percent of Jeff Martin Auctions’ business. Owner Jeff Martin declined to reveal the revenues for his operation in Brooklyn, Miss., near Hattiesburg, but said it has become the largest such auction ...

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CORRECTED UPDATE: Players in Tuscaloosa shale tread water, wait for market to return

By JACK WEATHERLY  The Tuscaloosa Marine Shale formation has languished since the cratering of oil prices in mid-2014. The “play” in southwest Mississippi and southeast Louisiana is not alone in its struggle to stay alive. Operators there and elsewhere in the United States have pulled back since the price of oil dropped from about $100 a barrel to less than ...

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SAVING HOUSE MONEY — Energy programs provide ‘moral high ground to dance on’

By BECKY GILLETTE Palace Casino Resort in Biloxi has reduced its exterior lighting energy use by 80 percent by switching 563 fixtures to LED lights. That represents dropping from 866,589 kilowatt-hours per year to only 176,281 kilowatt hours per year of usage. The Palace also replaced interior lighting with LED, light emitting diode bulbs. Not only is the Palace Casino doing ...

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World Energy acquires Elevance Renewable Sciences

A biofuels company has purchased Elevance’s biorefinery facility in Natchez and may potentially add 15 jobs at the plant. The Natchez Democrat reports World Energy announced Wednesday it had purchased from Elevance Renewable Sciences. World Energy has been supplying certified biodiesel from the plant under a production contract with Elevance since January 2013. Natchez Inc. Executive Director Chandler Russ says ...

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Miller named Landmen VP

David W. Miller, CPL, owner and managing member of Miller Land Professionals LLC in Jackson, has been named First Vice President of the American Association of Professional Landmen. As First Vice President, Miller will lead the American Association of Professional Landmen’s 13,000 members across the U.S. and will be named president of AAPL in June 2017. The Association is composed ...

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Kemper overrun reaches $81 million for second quarter

By JACK WEATHERLY  As expected, Mississippi Power’s coal-gasification power plant has missed another deadline. The utility on Monday moved back the start-up of the commercial operation of the plant in Kemper County another month, till Oct. 31. Time delayed is cost accumulated. The latest postponement will add $43 million to the price tag on the plant, which originally was projected ...

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Kemper overrun reaches $81 million for second quarter

By JACK WEATHERLY As expected, Mississippi Power’s coal-gasification power plant has missed another deadline. The utility on Monday moved back the start-up of the commercial operation of the plant in Kemper County another month, till Oct. 31. Time delayed is cost accumulated. The latest postponement will add $43 million to the price tag on the plant, which originally was projected to ...

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Auditor: All but $3.6M of $377M in Kemper refunds complete

All but $3.6 million of $377 million in rate refunds related to Mississippi Power Co.’s Kemper County plant are back in the hands of customers, auditors say. The utility has complied with the refund order “in all material respects,” the Hattiesburg accounting firm of Topp McWhorther Harvey told members of the Mississippi Public Service Commission on Thursday. The remaining money ...

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Stion solar panels powering school district in New York state

By JACK WEATHERLY A Stion Corp. solar electric array is powering the Avon Central School District in Avon, New York. Stion’s solar panels were manufactured in Hattiesburg, Miss. and include a 25-year warranty, which will enable the district to generate more than $1 million in electricity credits over the lifetime of the panels. The array, which is the largest such ...

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Southern Co. chief calls Kemper plant ‘dual fuel investment’

By JACK WEATHERLY Tom Fanning, chief executive and chairman of the Southern Co., described in a teleconference with analysts last week Mississippi Power Co.’s Kemper County clean-coal power plant as “a dual fuel investment,” relying also on natural gas as needed. Fanning in the past has downplayed the long-term importance of natural gas despite having run the plant on it ...

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