Energy Archive

Fed's 'Beige Book' Survey Finds Modest Growth in Many Regions

by Associated Press 6/1/2016 02:20 pm

The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.

'A Good Graphic' (Gwen Moritz Editor's Note)

by Gwen Moritz 5/30/2016 12:00 am

A couple of weeks ago, I opined in this space that our Legislature should just raise the blankety-blank fuel tax to pay for the highway construction and maintenance that Arkansans need and want. Last week, I ranted about the use and misuse of data, including by “the media” (my favorite monolith). This week, thanks to our friends on the editorial page at the Arkansas Democrat-Gazette, I'm going to pull both of those topics together.

New CEO Al Simpson Knows Arkansas Valley Co-op From the Ground Up

by Kyle Massey 5/30/2016 12:00 am

As the new CEO of Arkansas Valley Electric Cooperative Corp., Al Simpson has no trouble imagining himself in his employees' shoes. For seven years as a journeyman lineman, he wore those work boots.

2 Banks Join Arkansas Business' Largest Private Companies List

by Gwen Moritz 5/30/2016 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $34.2 billion in their most recent fiscal years, up more than 4 percent in a year.

Internet of Things Closer Than You Think

by Sarah Campbell 5/23/2016 12:00 am

Internet of Things is more than a refrigerator that costs hundreds more and can tell you when you run out of milk. It's the concept of connecting devices to the internet and with each other. Its purpose is to make life easier via automation.

With New Tech and Data, Rock Region Metro Aims for Service Improvements

by Alexis Hosticka 5/20/2016 10:28 am

Rock Region Metro is using new technology and upgrades in hopes of encouraging more people to use public transportation and earn the public's vote for a sales tax increase.

Arkansas Employment at Record High, Unemployment at 3.9 Percent

by Arkansas Business Staff 5/20/2016 09:30 am

Arkansas' seasonally adjusted unemployment rate declined two-tenths of a percentage point, from 4.1 percent in March to 3.9 percent in April, according to the state Department of Workforce Services.

SWN Sells Compressed Gas Fuel Stations in Conway, Damascus

by Kyle Massey 5/16/2016 04:38 pm

An affiliate of Southwestern Energy Co. has sold two public CNG fueling stations, one in Conway and the other in Damascus, to American Natural Gas LLC of Saratoga Springs, New York.

Never Say Never (Gwen Moritz Editor's Note)

by Gwen Moritz 5/16/2016 12:00 am

This is the perfect time to increase the fuel tax. Gasoline remains relatively cheap in historic terms, and the price per gallon can easily fluctuate by 5 cents per day. If we are going to have decent roads, we need an adequate and reliable funding mechanism — and spending the state rainy-day fund and nickel-and-diming other government needs just screams inadequate and unreliable, doesn't it?

Attorney Jean Block Joins Little Rock Wastewater (Movers & Shakers)

by Arkansas Business Staff 5/16/2016 12:00 am

Jean Block has been hired as chief legal officer of Little Rock Wastewater. In the new position, Block will serve as legal adviser and counsel to the wastewater utility's staff and the Little Rock Water Reclamation Commission.

Little Rock Wastewater CEO Greg Ramon: Pipe Dreams Won't Require Money Going Down the Drain

by Arkansas Business Staff 5/16/2016 12:00 am

Greg Ramon, who has 26 years of experience in the water and wastewater sector, replaced Reggie Corbitt, who was fired as LRW CEO in January 2014 over what police described as “questionable expenditures.”

Winrock Director Annett Pagan Announces Retirement

by Arkansas Business Staff 5/12/2016 03:26 pm

Winrock International announced Thursday the retirement of Annett Pagan, director of U.S. programs, on May 13.

One-Time Gain Boosts Murphy USA to $86M 1Q Net Income

by Kyle Massey 5/9/2016 09:00 am

Gasoline retailer Murphy USA Inc. of El-Dorado reported first-quarter profits Monday of nearly $86 million, far over its $23 million in income from the same period last year.

Murphy Oil Reports 1Q Loss of $198M

by Kyle Massey 5/4/2016 04:49 pm

Murphy Oil Corp., which announced a sale of oil sands assets in Canada a week earlier, on Wednesday reported a preliminary loss of nearly $200 million for the first quarter of 2016. It also announced a 20 percent workforce reduction.

Cajun Cajoling Adds Fuel to Energy Security Speculation

by Arkansas Business Staff 5/2/2016 12:00 am

Although Energy Security Partners CEO Roger D. Williams has said that “all indications are that Jefferson County will be our home,” he also hasn't expressly ruled out other sites, either.

US Employment, Earnings Gains Rose in March

by Arkansas Business Staff 5/2/2016 12:00 am

The U.S. economy continued to rebound in March, as private-sector employment and average hourly earnings rose.

Conway Corp. Promotes Pair in Damage Prevention (Movers & Shakers)

by Arkansas Business Staff 5/2/2016 12:00 am

Paul Jones has been promoted to senior damage prevention technician at Conway Corp., and Clayton Davis has been promoted to damage prevention technician.

Murphy Oil Subsidiary Sells Alberta Sands to Suncor Energy for $744M

by Kyle Massey 4/28/2016 06:55 am

Murphy Oil Corp. of El Dorado announced Wednesday evening that its Canadian subsidiary has agreed to sell oil sands properties in Alberta to Suncor Energy for about $744 million. CEO Roger Jenkins said the deal will "further place our focus in North America on our unconventional assets" and help the company's balance sheet.

Energy Security Partners CEO Says Fuel Plant 'Not a Risky Project'

by Kyle Massey 4/25/2016 12:00 am

Tell Roger Williams that a multibillion-dollar plant for turning natural gas into liquid fuel near Pine Bluff sounds too good to be true, and he'll turn to history, engineering and finance to argue it's too good not to be.

Energy Security Partners Land Dealings Began in 2015

by Kyle Massey 4/25/2016 12:00 am

In pursuing plans for a natural gas-to-liquid fuel production facility, Energy Security Partners of Little Rock spent more than a year securing the land for its likely plant site in northern Jefferson County.