Energy

Arkansas Attorney General Asks to Help Defend Drilling Tax Break
Dustin McDaniel

Arkansas Attorney General Asks to Help Defend Drilling Tax Break

Attorney General Dustin McDaniel wants to defend in court a $5 million tax break the Legislature gave the natural gas industry after the state's top finance official said the exemption was unconstitutional.
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Big River Steel's John Correnti on Government's Role in Private-Sector Projects? 'Stay Out'

John Correnti, chairman and CEO of Big River Steel LLC, has more than 40 years of experience in the steel industry. Big River Steel, a $1.3 billion project, is being built in Mississippi County near Osceola. It's expected to employ more than 525 workers with average yearly compensation of $75,000.
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Zilkha Biomass Announces $90M Facility, 52 Jobs in Monticello

Zilkha Biomass Energy plans to build a $90 million facility in Monticello that will create 52 jobs. Zilkha says it will make its Zilkha Black Pellet, the first commercially available pellet in the industry, at the Monticello factory.
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A Closer Look: Arkansas Unemployment and Employment

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.
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Murphy Oil 2Q Earnings Off, Production Projection Revised Downward

Income from continuing operations in the second quarter was $142.7 million, or 79 cents per diluted share, on flat revenue of $1.3 billion. read more >

NERA Study: EPA Regs Would Cost Arkansas Jobs, Millions in Compliance

A new study conducted by NERA Economic Consulting, and commissioned by the National Association of Manufacturers, says new ozone regulations would cost Arkansas thousands of jobs per year and hundreds of millions of dollars in compliance costs. read more >

Arkansas Business Presents the 2014 Power List

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks. read more >

Oil Prices Rebound Above $103 on Geopolitical Risk

Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. read more >

Wal-Mart Execs Naturally Dominate List of Executive Compensation

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon. read more >

Proposal Would Raise Arkansas' Minimum Wage Rate

Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly. read more >

Lessons Learned (Editorial)

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints). read more >

Arkansas Near Bottom in Ranking Of States by Job Creation in Past 5 Years

Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country. Some states have boomed. Others have struggled. read more >

Arkansas Unemployment Rate Falls to 6.2 Percent But Labor Force Smaller

Arkansas' unemployment rate fell for the ninth consecutive month in June to 6.2 percent. It marks the fourth consecutive month that the state's unemployment rate has been below 7 percent. read more >

Fort Smith's Pruitt Tool & Supply Co. Going Global

From modest beginnings, Pruitt Tool now has nine offices across the United States and has business interests overseas in countries such as Russia and Turkey. The company rents its patented equipment, the Pruitt rotating control device, to oil rigs drilling for oil and gas. read more >

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