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Tag Archives: drilling

After drilling issues, Goodrich pumping oil in Tuscaloosa Marine Shale

WILKINSON COUNTY — Goodrich Petroleum Corporation of Houston, Texas, has completed its CMR-Foster Creek 20-7H-1 well in the Tuscaloosa Marine Shale in Wilkinson County. According to the company, the well was successfully drilled with a 6,200 foot lateral and fracture stimulated with 23 stages but encountered completion issues while drilling out the frac plugs with coiled tubing resulting in the ...

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Denbury paying one of largest fines ever to MDEQ for blowout

YAZOO COUNTY — Denbury Resources promises to bring new life to old oil fields by pumping in carbon dioxide to force additional oil to the surface. But the company’s oil fields have seen a series of uncontrolled carbon dioxide blowouts that may bring up oil and drilling fluids with them. Now, one of the biggest of those blowouts has resulted ...

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Natural gas prices rise from historic lows

  Wholesale natural gas prices have doubled during the last year, and that’s bringing sighs of relief from an unusual variety of interests. Soaring production and an unusually warm winter sent prices plunging to under $2 per thousand cubic feet last spring, prompting some to wonder whether the natural gas boom would kill demand for both coal and new renewable ...

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Aldermen weigh whether to allow fracking in city limits

CALEDONIA — With the decision of the Caledonia Board of Alderman to allow fracking within the town’s city limits, what has been a national issue is now a local one. The questions emerge: Is it safe? If so, what would fracking mean to the small town? There is no consensus on either question. Hydraulic fracturing involves drilling horizontally instead of ...

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Supervisors want second judge as oil industry grows

MCCOMB — Pike County supervisors say the area needs a second chancery judge to deal with expected rise in cases involving the growing oil industry. The Enterprise-Journal reports supervisors voted to ask lawmakers to add a judge to the 4th Chancery Court District. The district includes Pike, Amite, Walthall and Franklin counties. Supervisor Gary Honea says he expects more litigation ...

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In-state oil/gas leases to go up for sale in September

AROUND MISSISSIPPI — The Bureau of Land Management-Eastern States will hold an oil and gas lease sale for tracts in Louisiana and Mississippi Sept. 13 at its offices in Springfield, Va. Federal mineral lands in Mississippi and Louisiana totaling 34,630 acres will be offered. Mississippi parcels are in Smith, Scott and Franklin counties. In Louisiana, the tracts are in Grant, ...

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Ergon expanding facilities, operations within Appalachian Basin

JACKSON — Ergon Inc. is expanding its subsidiary facilities and operations within the Appalachian Basin. The expansion will enable Ergon companies to handle increased liquid production as drilling increases throughout the Marcellus and Utica Shale areas. Ergon’s refinery in Newell, W.V., and its terminal facilities in Magnolia and Marietta, Ohio, will add additional storage tanks and infrastructure for an increase ...

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'Fracking' leads county officials to call for highway widening

AMITE COUNTY — An increase in oilfield activity in Amite County is bringing a call for the state to four-lane Highway 24 in southwest Mississippi between McComb and Liberty. The Enterprise-Journal reports the issue came up during a discussion of oil drilling among members of the Pike County Economic Development District board. Amite County has voted to support a study ...

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Supreme Court to hear arguments in breach of contract dispute

LINCOLN COUNTY — The Mississippi Supreme Court has scheduled oral arguments of Jan. 18 in a commercial breach of contract case from Lincoln County. According to court records, Precision Welding sued Denbury Resources for allegedly breaching a contract between the two. Denbury denied the allegation. A Lincoln County jury in 2010 awarded $1.5 million to Precision. Denbury appealed the decision ...

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Callon Petroleum sees big jump in net income

NATCHEZ — Callon Petroleum Company reported net income of $19.9 million, or $0.50 per fully diluted share, for the second quarter, and $24.0 million, or $0.65 per fully diluted share, for the six-month period ended June 30, 2011. This compares with net income of $2.1 million, or $0.07 per fully diluted share, during the second quarter, and $6.0 million, or ...

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