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Tag Archives: Family Business

Midland oil dynasty lands on list of wealthiest families

Rachael Gleason | Midland Reporter-Telegram (Midland, Texas) Investing in the dusty expanses of West Texas more than 100 years ago has paid off for the Fasken family, which just earned a spot on Forbes’ list of wealthiest dynasties. The prominent Midland oil family ranked No. 127 on the list of billion-dollar fortunes with a net worth of $1.8 billion. “In 1913, ...

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10-year sentence for ex-New Orleans Mayor Nagin

Kevin McGill | Associated Press NEW ORLEANS (AP) — Former New Orleans Mayor Ray Nagin was sentenced Wednesday to 10 years in prison for bribery, money laundering and other corruption that spanned his two terms as mayor — including the chaotic years after Hurricane Katrina hit in 2005. U.S. District Judge Helen Berrigan handed down the sentence Wednesday morning. Nagin ...

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Pickens teaming up with family-run Wyoming firm

oil rig

CASPER, Wyo. (AP) — T. Boone Pickens is teaming up with a family-run Wyoming business hoping to become the largest maker of natural gas engines for drilling rigs. The Texas oil tycoon’s energy hedge fund, BP Capital, is partnering with Casper-based Moser Energy Systems to create a new company — Mesa Natural Gas Solutions. Moser will continue making the engines and ...

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Cold, high demand boost power bills


Electricity bills are causing sticker shock, utility officials said, and another jolt is expected soon with this month’s charges. Cold weather, prompting more energy use and higher demand for natural gas, has resulted in higher bills for electricity, utility officials said this week. Rebecca Lloyd, vice president of Oneonta Block Co. in Oneonta, said several business representatives are stunned to ...

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Maine family in fuel business born to deliver

fuel truck

LIMERICK — When it’s 14 degrees and the wind is gusting to 25 mph, as it was last Tuesday, heat is a matter of survival in Maine. And despite trends to natural gas and other fuels, the primary heat source for seven out of 10 homes still arrives via an oil truck. Out here, in the hilly woodlands of western ...

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