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Tag Archives: petroleum

Jackson's gas prices up last week

Average retail gasoline prices in Jackson have risen 2.2 cents per gallon in the past week, averaging $3.25/g yesterday, according to GasBuddy’s daily survey of 273 gas outlets in Jackson. This compares with the national average that has increased 1.8 cents per gallon in the last week to $3.53/g, according to gasoline price website GasBuddy.com. Including the change in 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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Refinery explosion claims a life; investigation underway

PASCAGOULA — Authorities are investigating the cause of an explosion and fire at a southern Mississippi refinery Friday that killed one worker. An operator at the Cracking II Processing Unit died after something detonated inside a furnace and sparked a fire, Chevron Mississippi general manager Tom Kovar said. The operators were outside the furnace at the time and the fire ...

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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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After drilling issues, Goodrich pumping oil in Tuscaloosa Marine Shale

WILKINSON COUNTY — Goodrich Petroleum Corporation of Houston, Texas, has completed its CMR-Foster Creek 20-7H-1 well in the Tuscaloosa Marine Shale in Wilkinson County. According to the company, the well was successfully drilled with a 6,200 foot lateral and fracture stimulated with 23 stages but encountered completion issues while drilling out the frac plugs with coiled tubing resulting in the ...

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Oil spill trial begins look into how much oil leaked into Gulf

NEW ORLEANS — The focus of a trial over BP’s 2010 oil spill in the Gulf of Mexico has shifted to the multibillion-dollar question of how much crude gushed from BP’s blown-out well. Lawyers for BP and the federal government began Monday presenting U.S. District Judge Carl Barbier with conflicting scientific theories to explain their different estimates. Government experts estimate ...

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Oil well explosion puts five workers in hospital with burns

WAYNESBORO — Five workers have been injured in an explosion at an oil well near Waynesboro. Sean Dunlap, spokesman for Wayne County Emergency Management Agency, says the workers suffered burns. He did not know the extent of their injuries. They were taken to Wayne General Hospital in Waynesboro. Dunlap says the explosion caused a small fire, which emergency responders quickly ...

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BP wants wants cut in oil spill settlement budget

NEW ORLEANS — BP has urged a federal judge to reject a $111-million budget request by the court-supervised administrator of the company’s multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill. In a court filing yesterday, BP attorneys said claims administrator Patrick Juneau refused to cut his office’s fourth-quarter budget request by at least $25.5 ...

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Syria agrees to turn over chemical weapons; oil prices fall

Syria has agreed to turn over its chemical weapons, which is helping ease international tensions as well as anxiety at the gas pumps. Oil prices, which have shot up in recent days over the threat of a U.S. strike against Syria, dropped below $108 a barrel today after Damascus said it would go along with a proposal to turn over ...

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Interstate pipeline complete, transporting fuel to eastern U.S.

COLLINS — Construction of the approximately 141-mile, 16-inch diameter Parkway Pipeline, a 50-50 joint venture between Kinder Morgan Energy Partners, L.P. and Valero Energy Corp, is complete and is now transporting refined petroleum products from refineries in Norco, La., to an existing petroleum transportation hub in Collins, owned by Plantation Pipe Line Company. From this hub the products will be ...

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