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Tag Archives: Inc.

Timnath invests in O&G research

Earlier this year, parents of students at Bethke Elementary in Timnath protested pending oil and gas permits within 2,000 feet of the school. Scientists were unable to give them a clear answer about how production in such close proximity may affect the children’s health. “What happens if five to 10 years from now we have increased cancer, birth defects and ...

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2 manufacturers announce layoffs at Lafayette plants

LAFAYETTE, Ind. — Two manufacturing companies have announced layoffs at their respective facilities in Lafayette. WLFI-TV reported Thursday that both Caterpillar, Inc. and Oerlikon Fairfield are reducing their staff. Caterpillar, Inc. confirmed its plans to lay off 50 full-time production employees and about 200 agency workers at its Lafayette plant by June. Employees were notified of the layoffs Wednesday. The construction ...

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Carrizo announces business outcome for 2014

Earlier this month, Carrizo Oil and Gas, Inc. reported record fourth-quarter and end-of-year results for 2014: Oil production rose 70 percent from 2013 at 22,130 barrels per day, oil revenue shot up 28 percent to $140.9 million, and total revenue saw a 26 percent growth from 2013, totaling $163.3 million. The company currently operates a single well in the Niobrara ...

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A passion for the industry: PR rep brings positivity to the field

Sometimes the oil and gas industry has difficulty finding positive voices. But two years ago, Jessica Sena brought it to the industry. “I saw the Bakken boom as something so enormously positive and exciting, especially for younger people like myself,” she said. And she is successfully becoming a voice for the positivity she sees in the industry through the Montana ...

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Acid mine drainage: Could it be used for fracking?

Acid mine drainage

CLINTON TOWNSHIP — From the road, it looks like any other waste water treatment plant tucked into a remote hillside in southeastern Butler County. But a closer look reveals it’s bringing in not sewage but bright-orange groundwater from an abandoned coal mine nearby. With fracking as an impetus, it could be the next step in solving one of the state’s ...

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Carrizo creates bigger niche in EF

The Houston-based exploration, development and production company, Carrizo Oil and Gas, Inc., announced Monday that their acquisition of additional leasehold and producing interests in the Eagle Ford Shale from Eagle Ford Minerals, LLC was finalized. The deal was closed at a value of $250 million in cash and was subject to a closing adjustment credit of $7 million. According to ...

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Billion-dollar debate in Oklahoma divorce: Was oilman just lucky?

hamm

Joshua Schneyer | Reuters NEW YORK  – For years, Continental Resources, the largest oil driller in the booming Bakken Shale formation, touted the hard work of its CEO and founder, Oklahoma billionaire Harold Hamm, as “a driving force” behind the company’s success. “Over the course of the Company’s history, Mr. Hamm has successfully grown the Company through his leadership skills ...

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Alpha says reducing coal stockpiles could prevent layoffs

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Pam Pritt | The Register-Herald An Alpha Natural Resources spokesman said Friday that the company is “hopeful” that coal stockpiles can be sold in the next few months so the company can avoid laying off more than 1,100 surface coal miners and other support personnel by mid-October. Alpha’s director of media relations, Steve Hawkins, said finding a market for the ...

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Five Pa. gas wells leaked methane for years

methane

Brendan Gibbons | Times-Tribune Five natural gas wells in Bradford County have leaked methane for years because of persistent casing and cement problems, according to state Department of Environmental Protection records. In May, a DEP inspector found combustible gas flowing through vents connected to the cement between layers of pipe. The department issued a notice of violation for each well ...

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AEP profits rise in second quarter, but utility leery of new rules

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Dan Gearino | Columbus Dispatch Proposed federal rules regulating carbon emissions are “not credible” and threaten to make the electricity system less reliable, according to American Electric Power’s top executive. The Columbus-based utility posted an increase in profit and sales for the second quarter but faces uncertainty as the states decide how to implement the pollution rules. “The current plan ...

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