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Tag Archives: natural gas

Denault: Future is bright for Coast, natural gas

One utility executive sees an opportunity along the Gulf Coast, and believes his company is going to ride that wave perhaps for an entire decade. Entergy Corp. CEO Leo Denault is predicting above-average growth in the next five to 10 years, thanks to an industrial boom along the Gulf Coast powered by low natural gas prices. “We see a growing ...

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Louisville tornado believed to be EF4; state's death toll grows to nine

ACROSS MISSISSIPPI — The National Weather Service says the tornado that hit the Louisville area last night has a preliminary rating of EF-4. Mike Edmonston, senior meteorologist at National Weather Service in Jackson, confirmed the rating today. An EF-4 rating means the tornado packed wind speeds of 170 to 190 mph. Reports are pending on the tornado that struck the ...

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Atmos issues warning about natural gas leaks

ACROSS MISSISSIPPI — Atmos Energy is asking emergency crews, customers and volunteers involved in tornado cleanup efforts in Mississippi to beware of potential natural gas leaks caused by the storms. David Gates, president of Atmos Energy Mississippi division, says in a news release that the company is assessing damage from Monday’s storms. Gates says residents should be careful in moving ...

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BP oil spill still being felt as tar balls wash up on islands

GULF OF MEXICO — Mississippi environmental authorities say oil debris found this week on state barrier islands is believed to be from the BP’s disastrous 2010 spill in the Gulf of Mexico, and contractors for the oil giant are involved in the cleanup. Officials believe high winds and seasonal low tides uncovered the material. Mississippi’s Department of Environmental Quality said ...

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Callon, Lone Star reach agreement on board of directors

NATCHEZ — Callon Petroleum Company has reached an agreement with Lone Star Value Management, LLC. Pursuant to the agreement, Callon has agreed to expand the size of its board of directors from six to eight directors and to designate two new independent directors — Matthew Regis Bob, managing member of MB Exploration, and James M. Trimble, CEO and president of ...

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Gulf gas well spewing; no injuries, pollution reported

GULF OF MEXICO — Crews lost control of a natural gas well being drilled off the Louisiana coast yesterday, but officials said no injuries or pollution have been reported and efforts are underway to stop the flow of gas. The Bureau of Safety and Environmental Enforcement says most crew members were evacuated from the rig, which was drilling in 262 ...

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Presley: Utilty rate incentives extended

JACKSON — Public Service Commissioner Brandon Presley reports an extension through 2014, and in some instances beyond 2014, of utility rate incentives aimed at Mississippi small businesses. To date, the incentives have helped over 1,100 Mississippi small businesses save more than $400,000 in utility costs, according to Presley. The Small Business Rate Incentive first proposed by Presley in 2011 has ...

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Callon calls Lone Star's actions 'ill-advised and self-serving'

NATCHEZ — Callon Petroleum Company has issued the following statement concerning recent demands made by Lone Star Value Management, LLC (“Lone Star”): “Lone Star’s demands appear both ill-advised and self-serving. By advocating for a sale now, Lone Star seems to be focused on realizing a quick trading profit, which would be contrary to the interests of the Company’s longer-term investors. In addition, ...

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Company agrees to pay outstanding gas bill of former casino

VICKSBURG — Bally Technologies Inc. and the city of Vicksburg have agreed on a payment for the almost five years the city under-billed the former Rainbow Casino for natural gas service from 2005 to 2010. The Vicksburg Post reports Bally will pay the city $175,000, about 46 percent less than the $378,234 the city said Bally owed for natural gas ...

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Texas company buys Tuscaloosa Marine Shale leases

SOUTHWEST MISSISSIPPI — Comstock Resources is leasing 53,000 acres in Louisiana and Mississippi to look for oil. The company, based in Frisco, Texas, is paying $54.5 million for the leases. They cover parts of the Tuscaloosa Marine Shale formation in Mississippi’s Wilkinson and Amite counties and Louisiana’s East Feliciana and St. Helena parishes. Comstock says it will complete the purchase ...

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