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Tag Archives: natural gas

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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Atmos releases results, gives 2014 earnings guidance

DALLAS — Atmos Energy Corporation (NYSE: ATO) has released its consolidated results for its 2013 fiscal year and fourth quarter ended Sept. 30. Fiscal 2013 consolidated net income, excluding net unrealized margins and a gain on sale, was $232.6 million, or $2.53 per diluted share, compared with consolidated net income of $211.4 million, or $2.31 per diluted share in the prior ...

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City signs contract for emergency gas supply

VICKSBURG — Vicksburg Public Works director Garnet Van Norman says a new agreement between the City of Vicksburg and Southern Natural Gas Co. gives the city an alternate source of natural gas in case of emergency. The Board of Aldermen authorized Mayor George Flaggs Jr. to sign the agreement with the Birmingham-based gas service provider. The agreement was drawn up ...

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County to begin enforcing oil/gas field fencing, signage ordinance

HATTIESBURG — Forrest County is soon to begin enforcing a fencing and signage ordinance for local oil and gas fields that was contested and affirmed by the Mississippi Supreme Court earlier this year. Sheriff Billy McGee tells The Hattiesburg American his deputies likely will begin enforcing the ordinance this week after briefings on the ordinance’s provisions and a survey of ...

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Callon Petroleum selling Gulf asset for $100M

NATCHEZ — W&T Offshore Inc. plans to buy Callon Petroleum Co.’s shares of Gulf of Mexico oil and gas fields for $100 million. Callon announced the sale Thursday. It’s supposed to close by Nov. 30. Houston-based W&T will buy a 15 percent share of the Medusa field, which produces about 1,000 barrels of oil per day, and Callon’s 7.5 percent ...

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Everybody in Coast city hopes natural gas leaks stopped soon

Moss Point officials are worried about where all of the city’s natural gas is going and the cost, and all are concerned in this Coast city about safety issues surrounding natural gas line leaks. Hopefully all will rest a little easier soon. The city of Moss Point has received four bids for repair work on the city’s leaky natural gas ...

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