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Tag Archives: gas

Race to the pump: Feds appear ready to beat state on new gas taxes

The chairman of the Senate Transportation Committee says it seems Congress is about to pre-empt Mississippi’s  opportunity to take advantage of plummeting gasoline prices by enacting new motor fuels taxes. While Mississippi legislators wait for a late 2015 completion of a private-sector study on state transportation infrastructure needs and how to pay for them, Congress is poised to act this ...

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Natural gas line fire in Rankin County

BRANDON — Rankin County firefighters are on the scene of a natural gas line rupture and fire off of Mississippi Highway 25 near Brandon. Authorities say it appears the pipeline exploded about 6:15 a.m. Wednesday on Three Prong Trail. Crews at the scene shut off the gas about 7:30 a.m. Sheriff Bryan Bailey says there have been no injuries confirmed ...

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Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 million for an underwriters’ discount ...

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Callon Petroleum to sell shares to fund acquisition in Texas

NATCHEZ — Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company will sell 12.5 million shares, giving the brokerages underwriting the sale the option to buy up to another 1.875 million shares. At current prices, Callon could net more than $130 ...

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TVA to discuss long-range energy resources plan

NORTH MISSISSIPPI — The Tennessee Valley Authority is set to discuss progress in updating the utilities long-range energy resources plan along with more than 1,100 comments from the public. The forum is scheduled for Wednesday at 7 p.m. EDT at TVA’s Missionary Ridge office building in Chattanooga, Tenn., and through a simultaneous online webinar link. The 2015 Integrated Resource Plan ...

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Legal-Bay: BP claims settlement headed to Supreme Court

NEW ORLEANS — Legal-Bay LLC, The Lawsuit Settlement Funding Company, believes the British Petroleum Inc. Business Economic Loss (BEL) claims settlement will eventually make its way to the U.S. Supreme Court under a writ of certiorari. Legal-Bay said the issues revolve around constant legal wrangling by B.P. to drastically alter the landmark settlement, by claiming that the settlement is not ...

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Senators write Obama concerning propane supplies

WASHINGTON, D.C. – U.S. Sens. Thad Cochran (R-Miss.) and Roger Wicker (R-Miss) are among 29 senators who have asked the Obama administration to be more engaged in overcoming a steep drop in propane supplies, a situation that is driving up prices for rural residents and farmers, according to the senators. In a letter sent to President Obama yester, the bipartisan ...

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Environmentalists turn to court over offshore leasing rules

GULF OF MEXICO — Environmental groups want a judge to stop rules setting a framework for offshore gas and oil exploration in parts of the Mississippi Sound. At a hearing yesterday, the Sierra Club and the Gulf Restoration Network asked Hinds County Chancery Court Judge William Singletary to order the Mississippi Development Authority to reconsider the rules governing leasing certain ...

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Callon issues statement on Lone Star board candidates

NATCHEZ — Callon Petroleum Company (NYSE: CPE) has confirmed that Lone Star Value Management has filed notice to nominate two candidates to stand for election to Callon’s board of directors at the 2014 Annual Meeting. Callon issued the following statement: “Callon’s board of directors and management team are fully committed to creating value for all Callon shareholders and welcome shareholder ...

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DMR sends letter to MDA over marine leasing, seismic activity

BILOXI — Jamie Miller, executive director of the Mississippi Department of Marine Resources, has sent a letter to the Mississippi Development Authority regarding the state’s process for leasing and seismic activity in Mississippi marine waters. In the letter, Miller said that MDA’s rules do not contradict the Mississippi Coastal Program, but determined the DMR should continue to review any regulated ...

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