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Tag Archives: lease

Gulf oil and gas leases to go up for sale in March

GULF OF MEXICO — Oil and gas leases for 40 million acres off the coasts of Louisiana, Mississippi and Alabama will be offered by the federal government in a March sale at the Superdome in New Orleans, the Bureau of Ocean Energy Management said Friday. The sale will include approximately 7,611 blocks, covering 40.5 million acres, located from three to ...

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SKD seeking lease from UMMC for mixed-used development

JACKSON — The University of Mississippi Medical Center plans to lease 4.4 acres on the north edge of its Jackson campus to a developer who wants to build a 224-unit apartment complex with ground-level stores and offices. The College Board approved the lease yesterday. If Attorney General Jim Hood’s office also approves, SKD Development plans to go forward with the ...

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Environmentalists turn to court over offshore leasing rules

GULF OF MEXICO — Environmental groups want a judge to stop rules setting a framework for offshore gas and oil exploration in parts of the Mississippi Sound. At a hearing yesterday, the Sierra Club and the Gulf Restoration Network asked Hinds County Chancery Court Judge William Singletary to order the Mississippi Development Authority to reconsider the rules governing leasing certain ...

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DMR sends letter to MDA over marine leasing, seismic activity

BILOXI — Jamie Miller, executive director of the Mississippi Department of Marine Resources, has sent a letter to the Mississippi Development Authority regarding the state’s process for leasing and seismic activity in Mississippi marine waters. In the letter, Miller said that MDA’s rules do not contradict the Mississippi Coastal Program, but determined the DMR should continue to review any regulated ...

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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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Accounting error nets school system $1M-plus

BRANDON — A billing mistake worked in favor of the Rankin County School District to the tune of more than $1 million. Secretary of State Delbert Hosemann presented a check to the school district yesterday. The error was attributed to an accounting problem by a gas company that leases oil and gas rights from the district. Hosemann says the error ...

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Ergon buys facility it was renting on Missouri River

JACKSON — A Mississippi asphalt company has bought a Missouri River terminal it had been renting in Kansas, and says it plans to expand it. Ergon Asphalt & Emulsions Inc., of Jackson, bought the Wolcott Terminal Facility in Wolcott, Kansas, from Tanco Kansas City LLC. It had leased the terminal northwest of Kansas City from 1992 until the purchase on ...

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