Energy Archive

Seedlings to Sawmills: Forestry Is Key to Arkansas Economy (Commentary)

by U.S. Sen. John Boozman and U.S. Rep. Bruce Westerman 8/23/2016 10:29 am

Arkansas forestry has a total economic impact of $3.2 billion annually, with wages averaging $49,000 per year. Of the forests covering more than 19 million acres of Arkansas, only 13 percent is owned by private industry.

Aromatique Moves Debbie Isaacs to CFO (Movers & Shakers)

by Arkansas Business Staff 8/22/2016 12:00 am

Debbie Isaacs has been promoted to vice president and chief financial officer of Aromatique Inc. of Heber Springs. She was previously controller.

Traveling the Globe in Search of Jobs (Mike Preston Commentary)

by Mike Preston 8/22/2016 12:00 am

Over the last year, your Arkansas Economic Development Commission has traveled almost 20,000 miles around the world searching for good-paying jobs for the people of Arkansas. It's a reflection of the times in which we live. Ours is a global economy, and the competition for new jobs is no longer with surrounding states only, but with every country around the globe.

Disasters, Low Oil Prices, Shale Cause $6.4B Loss at BHP Billiton

by Lance Turner 8/16/2016 10:39 am

Battered by a devastating dam disaster in Brazil, low commodity prices and losses in shale holdings – including operations in Arkansas – mining giant BHP Billiton posted a record $6.4 billion annual loss on Tuesday.

Federal Lawsuit Challenges Clean Line Transmission Project

by Kyle Massey 8/16/2016 10:02 am

Two groups representing landowners are suing to block an electric transmission line planned for delivering wind-generated power across Arkansas from Oklahoma to Tennessee.

New Public Company Debuts in State: Ecoark

by Sarah Campbell 8/15/2016 12:00 am

The merger in March of Ecoark Inc. of Rogers with Magnolia Solar Corp. of Woburn, Massachusetts, resulted in a new name on the roster of publicly traded companies in Arkansas: Ecoark Holdings Inc. of Rogers.

Power and Pain of Consensus (Barry Goldberg On Leadership)

by Barry Goldberg 8/15/2016 12:00 am

Mainstream, action-oriented leadership thinkers tend to hate the idea of consensus, opting instead for rapid-fire, quick-decision meetings. The efficiency of pushing quickly for a clear path forward is hard to resist; however, it often steps over or forces underground the kind of resistance that will kill a new idea or initiative — but usually not until most of the time and money are spent.

Unemployment Rates in Arkansas Cities Vary Widely

by Arkansas Business Staff 8/15/2016 12:00 am

Unemployment rates rose slightly in Arkansas metro areas in June, but rates are still lower than a year ago, notes Michael Pakko, chief economist at the Institute for Economic Advancement at the University of Arkansas at Little Rock.

Magellan Marks Open of 210-Mile Pipeline Extension

by Kyle Massey 8/10/2016 11:58 am

Magellan Midstream Partners LP has officially opened 210-mile extension of a petroleum products pipeline from Fort Smith to North Little Rock.

NanoMech Adds Bran Ferren to Board of Advisers

by Arkansas Business Staff 8/10/2016 11:16 am

NanoMech of Springdale says Bran Ferren has joined its board of advisers and is a significant investor in the company.

Murphy Oil Gains Access to $1.2B in Revolving Credit

by Kyle Massey 8/10/2016 08:09 am

Murphy Oil Corp., the El Dorado petroleum exploration and production giant, says it has commitments from its bankers and new lenders for $1.2 billion in revolving credit.

NanoMech Announces New Adviser, Investor John White

by Arkansas Business Staff 8/9/2016 10:22 am

NanoMech of Springdale announced on Monday that John White, who holds a Ph.D., has been appointed to its board of advisers and is now a significant investor in the company.

Colorado Firm Buys Witt Stephens' Arkansas Oklahoma Gas Corp.

by Arkansas Business Staff 8/8/2016 02:47 pm

Summit Utilities of Littleton, Colorado, buys 100 percent of Arkansas Oklahoma Gas Corp. of Fort Smith, which has been owned for 72 years by the Witt Stephens family of Arkansas.

Welspun in Little Rock Gets $47M Diamond Pipeline Order

by Kyle Massey 8/8/2016 01:57 pm

Welspun Tubular LLC of Little Rock has landed an order for more than $47 million in coated 20-inch pipe for the Diamond Pipeline, a 440-mile project to move crude oil from Cushing, Oklahoma, to Memphis.

New York Firm Buys Krug Energy's Natural Gas Station in Searcy

by Arkansas Business Staff 8/8/2016 09:48 am

Alternative motor fuels distributor American Natural Gas of Saratoga Springs, New York, announced on Monday its acquisition of Krug Energy's public compressed natural gas station in Searcy.

Ten Arkansas Business Icons Have Stories to Tell

by Gwen Moritz 8/8/2016 12:00 am

Arkansas Business presents these ten Arkansas business icons as a way to acquaint readers with the personalities behind some of the most familiar names in our state's business community.

Murphy Oil Corp. Lowers Quarterly Dividend to 25 Cents a Share

by Kyle Massey 8/3/2016 04:17 pm

The oil exploration and production giant, based in El Dorado, calls the dividend cut a "difficult but prudent" decision.

Murphy USA Reports $46M Profit in Strong 2Q

by Kyle Massey 8/3/2016 04:13 pm

The El Dorado-based company more than doubles its half-year profits from 2015, citing strong retail fuel results. CEO Andrew Clyde also cited "record merchandise margins" as the company continues to add stores.

Koontz Electric Celebrates Graduates

by Cimber Winfrey 8/1/2016 12:00 am

Koontz Electric Co. of Morrilton recently celebrated a graduating class of 12 apprentice electricians from the Arkansas Construction Education Foundation electrical apprenticeship program.

Play Your Own Game (Gwen Moritz Editor's Note)

by Gwen Moritz 8/1/2016 12:00 am

You need to play your own game. Don't let the decisions others are making be more than data points in the mix when making your own decisions, because they aren't working with the exact same factors.