Energy Archive

Underground Tunnels Challenge Hot Springs Engineers from Past to Present

by Luke Jones 2/10/2014 12:00 am

The Hot Springs Creek Tunnel and other structures of its kind in Arkansas represent architectural accomplishments that carry their unique engineering challenges into the present, but often go unnoticed.

Central Arkansas Office Space Vacancy Rate Slips

by Arkansas Business Staff 2/10/2014 12:00 am

The vacancy rate for commercial office space in central Arkansas fell to 11.5 percent in fourth-quarter 2013, compared with 11.9 percent in third-quarter 2013 and 11.8 percent in the year-earlier quarter. The national average in the fourth quarter was 15.6 percent, according to the Central Arkansas Commercial Data Exchange.

Fuel Storage Facility Attracts $5M Sale (Real Deals)

by George Waldon 2/10/2014 12:00 am

The sale of a 21.6-acre fuel storage development in North Little Rock tipped the scales at $5 million. A convenience store just north of Maumelle rang up a $3.4 million sale-leaseback transaction. And a 32,426-SF building products facility in North Little Rock changed hands in a $1.5 million sale.

Architect David Sargent on Heartbreaking Design Trends, Favorite Projects

by Arkansas Business Staff 2/10/2014 12:00 am

David Sargent joined WER in 1986 and was named CEO in 2006. Many of his projects have received awards, including a National AIA Design Award for the Clinton Presidential Center. In addition to leading the firm's overall design, Sargent mentors younger staff members and builds on client and industry relationships. Sargent is a member of the American Institute of Architects and has his LEED AP credential from the U.S. Green Building Council.

Jobless Rates Down in 3 of 6 Arkansas Metros

by Arkansas Business Staff 2/5/2014 10:28 am

Unemployment rates were down or steady in four of six Arkansas metropolitan areas surveyed by the U.S. Bureau of Labor Statistics, data released Wednesday by the agency revealed.

Something Smelly in LR Wastewater (Editorial)

by Arkansas Business Editors 2/3/2014 12:00 am

Reggie Corbitt's tenure as CEO of the Little Rock Wastewater Utility was dotted with questionable decisions, but the malfeasance uncovered in the past couple of months by the Arkansas Democrat-Gazette approached mind-boggling.

Arkansas Utilities Benefit From Wind Energy Subsidies

by Luke Jones 2/3/2014 12:00 am

Wind energy generation is on the rise in the states surrounding Arkansas, and the renewable resource is seeing more use from some of the state's utility companies.

No Air Miles for Arkansas with Wind Subsidies

by Luke Jones 2/3/2014 12:00 am

The National Renewable Energy Lab has estimated that wind could supply up to 58 percent of Arkansas' energy needs, but so far the state has stayed far behind its blustery neighbors like Oklahoma and Texas, with actual wind production limited to a few scattered facilities.

Fort Smith Companies to Fight in Federal Court over Well Wishes

by Arkansas Business Staff 2/3/2014 12:00 am

A Fort Smith company said it is owed $7.5 million from another Fort Smith firm for not drilling a saltwater disposal well.

Murphy Oil Reports 4Q Net Income Up 45 Percent

by Arkansas Business Staff 1/29/2014 04:12 pm

Murphy Oil Corp. of El Dorado, free of the gas station division it spun off last year, on Wednesday reported a 45 percent increase in net income from continuing operations.

Arkansas Jobless Rate Falls to 7.4 Percent

by Mark Carter 1/28/2014 09:12 am

The unemployment rate in Arkansas dropped one-tenth of a percentage point to 7.4 percent in December, according to the Arkansas Department of Workforce Services.

Lion Oil Gets Early Victory in Pipeline Suit

by Mark Friedman 1/27/2014 12:00 am

Lion Oil Co. of Brentwood, Tenn., received an early legal victory against its insurance carrier involving an oil pipeline rupture that Lion said cost it more than $80 million in damage at its oil refinery in El Dorado.

Powers of Arkansas Delivers Punch to Prince with Sales Staff Exodus

by Arkansas Business Staff 1/27/2014 12:00 am

Powers of Arkansas hires away 10 salespeople from competitor John Prince Co.

Get Tickets Now for 26th Arkansas Business of the Year Awards Banquet

by Arkansas Business Staff 1/23/2014 10:41 am

Tickets are available now for the 26th Annual Arkansas Business of the Year Awards banquet, which honors the state's most outstanding businesses, nonprofit organizations and executives.

Report: 1,444 Students Have Received El Dorado Promise Money

by Lance Turner 1/22/2014 12:01 pm

The El Dorado Promise, which today marks its seventh anniversary, has issued its 2014 annual report. The brief report says that there have been 1,444 Promise scholarship recipients to date.

$100 Million-Plus Deals Dominate Biggest Deals of 2013 List

by Gwen Moritz 1/20/2014 12:00 am

The number of high-value mergers and acquisitions in Arkansas — those believed to be worth $9 million or more — dropped in 2013 to 73 compared with 80 in 2012. But the number of really high-value deals — those worth $100 million or more — jumped from 14 in 2012 to 26 in 2013.

Mike Beebe Appoints 28 to Boards, Commissions

by Arkansas Business Staff 1/16/2014 11:41 am

Gov. Mike Beebe announces 28 appointments to state boards and commissions.

Retail, Transport Among Central Arkansas' Strengths in Economic Recovery

by Arkansas Business Staff 1/13/2014 12:00 am

Metroplan recently released its latest “Metro Trends: Economic Review and Outlook” report, in which the agency examines the region's rate of economic recovery four years after the official end of the Great Recession in June 2009.

Bonanza Creek to Spend $80M in South Arkansas

by Luke Jones 1/13/2014 12:00 am

Bonanza Creek of Denver announced last week that it would invest $80 million through 2014 to drill around 50 natural gas wells in south Arkansas.

Fayetteville Shale Sustainable Through 2050, Study Says

by Luke Jones 1/10/2014 04:45 pm

The Fayetteville Shale will continue to be a "major contributor" to production of natural gas in the country, according to a study.