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Tag Archives: Tuscaloosa Marine Shale

Mississippi oil workers feeling effects of price downturn

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By JACK WEATHERLY  Rosemary Smith built her oilfield rental business from the ground up over 30 years. And the foundations of her R&R Rentals and Hotshot Inc. have been shaken twice since then. In 2008, crude oil started the year at $92 a barrel, spiked to nearly $150 in July — due in part to speculation fueled by fears that ...

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Texas company fined for taking water from a Mississippi river

JACKSON — A Texas oil company involved in the Tuscaloosa Marine Shale project has agreed to pay a $60,000 penalty for withdrawing water from a stream without a permit. The Mississippi Department of Environmental Quality tells The Enterprise-Journal Halcon Operating Co., based in Houston, agreed to pay the sum for taking water from Buffalo River in Wilkinson County before getting ...

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Goodrich latest to pull back in Tuscaloosa Marine Shale

Low oil prices mean the driller that has been the most bullish on an oil region that straddles the Louisiana-Mississippi line is cutting back, The Associated Press reports.. Goodrich Petroleum Corp., based in Houston, said Friday that it will spend $80 million to $100 million on exploration and drilling, down from $150 million to $200 million it had previously projected. ...

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Texas company sites warehouse/plant in Southeast Mississippi

SUMMIT — A Houston oil-field services company is locating a new facility in Summit that will warehouse and eventually manufacture drilling fluids for oil drillers in the Tuscaloosa Marine Shale formation. Newpark Drilling Fluids officials say the project will create 40 new jobs. Tuscaloosa Marine Shale formation is located in southwest Mississippi and central Louisiana. The announcement was made yesterday ...

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A Q&A with Gov. Phil Bryant — Energy, oil and other things

Gov. Phil Bryant earlier this month delivered a keynote address to oil company executives and others gathered in Houston for the Tuscaloosa Marine Shale Summit. Upon his return, the governor’s office agreed to answer a series of questions on the subject of the Tuscaloosa Marine Shale. Here is the Q&A: Q — Does the governor have plans in the remainder ...

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MBJ wins 14 awards in MPA newspaper contest

The Mississippi Business Journal won 14 awards, including eight first place awards and finished second in General Excellence Saturday at the Mississippi Press Association’s Better Newspaper Contest at the IP Biloxi Resort and Casino. The MBJ competed in the Weekly Division B category along with other mid-size weeklies. Contest entries were from newspapers in Mississippi for work published in 2013. Staff writer ...

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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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Bryant will chair Interstate Oil and Gas Compact Commission

With Mississippi drawing ever closer to a possible shale oil bonanza in the Tuscaloosa Marine Shale play, Gov. Phil Bryant next year will chair the Interstate Oil and Gas Compact Commission, the nation’s oldest oil and gas commission. The commission, representing the governors of 30 member and eight associate states, promotes the conservation and efficient recovery of the nation’s oil ...

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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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Department of Environmental Quality developing water sources plan

The Mississippi Department of Environmental Quality is preparing regulations that will govern how oil and gas companies use both surface and below-ground water sources in their water-intensive hydraulic fracturing operations in the Tuscaloosa Marine Shale development. What the agency comes up with could determine whether Mississippi ever sees the billions of dollars in economic impact energy industry experts say the ...

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