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Tag Archives: oil drilling

Mainland acquires land for oil exploration

JEFFERSON COUNTY — Mainland Resources Inc. of Houston has acquired a second target prospect for exploration of oil and gas formations in western Mississippi. Terms were not disclosed. The company has acquired a 100 percent working interest in approximately 1,260 net leasehold acres within the same general geological region as the Buena Vista Project in Jefferson County. Mainland is currently ...

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Study: Drilling stoppage to cost state $8.4M

The Obama administration’s six-month moratorium on oil and natural gas drilling in the Gulf of Mexico could mean an $8.4 million decrease in state and local tax revenues for Mississippi, according to a new study. The study released by LSU professor Dr. Joseph Mason examined 33 deepwater rigs in the Gulf, from which the United States gets approximately 10 percent ...

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