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Tag Archives: fracking

Comstock quits Tuscaloosa play on falling prices

MCCOMB — A second oil company is stopping drilling in the Tuscaloosa Marine Shale because of falling oil prices. Comstock Resources, based in Frisco, Texas, said Thursday that it would stop drilling in the oil region, which straddles the state line between southwest Mississippi and Louisiana’s Florida Parishes. “Comstock has released its rig in the Tuscaloosa Marine shale and will ...

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Shale oil: market correction or longterm direction?

By Jack Weatherly The golden age of hydraulic fracturing began about 10 years ago “as oil and gas producers began to explore the nation’s massive shale formations in earnest,” according to an essay on the American Society of Mechanical Engineers website. Expansion of the technique in subterranean shale formations has pushed the United States toward oil and natural gas self-sufficiency in ...

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Amite, Wilkinson plan to use treated sewage to spur fracking operations

Officials of Amite and Wilkinson counties are preparing a plan for a water district they say will enhance hydraulic fracturing operations in their region while generating dollars for sorely needed road and bridge maintenance. A central feature of the plan: Pipe five million gallons of treated sewage daily from McComb, Liberty, Gloster and other Southwest Mississippi communities for drilling companies ...

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Summit pushes chemical manufacturing in Miss.

JACKSON, Mississippi — An economist says that Mississippi has an opportunity to compete for energy-thirsty economic development. Louisiana State University Professor David Dismukes was hired by the Mississippi Energy Institute to look at opportunities that might arise from the U.S. boom in natural gas production. At the Governor’s Energy Summit Thursday, Dismukes presented preliminary results from his study. It suggests ...

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Fervor grows for Tuscaloosa Marine Shale

Mississippi’s leaders expect a parade of oil drillers to converge on the southwest corner of the state and are happy to cover the cost of striking up the marching music. When a potential to fill seven billion barrels awaits, let’s get cracking, they say. So far, state officials are getting the answer they wanted when they extended a lucrative tax ...

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Governor signs fracking bill as database comes under scrutiny

JACKSON — Legislation to lower the Mississippi severance tax on hydraulically fractured oil wells from 6 percent to 1.25 percent for first 30 months of well production has been signed into law by Gov. Phil Bryant. House Bill 1698 also will allow counties where fracking is occurring to keep a larger share of tax proceeds. The law takes effect July ...

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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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Fox host Varney marvels at 'convenience' of jobs report during Jackson visit

Economist-turned-Fox Business host Stuart Varney likes nothing more than poking an accusing finger at what most of the rest of us take as accepted truths. The conservative commentator who says he left England in 1974 to escape its class warfare” visited Jackson Tuesday to address the Mississippi Council on Economic Education. Of course, the question was bound to come up ...

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