Energy Archive

Shale Play Loan Hits Nonaccrual at Heartland Bank

by George Waldon 4/11/2016 12:00 am

Among Heartland's biggest and worst energy-related loans is one connected with a shale play in the New Albany formation of eastern Illinois.

Southwest Power Pool's Nick Brown Recognized by Honor Society (Movers & Shakers)

by Arkansas Business Staff 4/11/2016 12:00 am

Nick Brown, president and CEO of Southwest Power Pool in Little Rock, has received the 2016 Business Achievement Award from Beta Gamma Sigma International Honor Society.

Melanie Taylor Promoted to Director of Customer Service at Entergy Arkansas

by Arkansas Business Staff 4/7/2016 01:57 pm

Arkansas native and 18-year Entergy veteran Melanie Taylor has been hired as the new director of customer service for the central region in Little Rock, Entergy Arkansas Inc. announced Thursday.

Murphy Oil Corp. Issues 35-cent Dividend

by Kyle Massey 4/6/2016 11:10 am

Murphy Oil Corp. of El Dorado declared a quarterly dividend of 35 cents a share on Wednesday, maintaining a dividend level it has kept up since 2014 despite depressed oil prices.

Energy Security Partners Signs Land Lease for Jefferson County Fuel Plant

by Kyle Massey 4/4/2016 01:04 pm

A site near Pine Bluff has won the competition to become home to a multibillion-dollar plant for turning natural gas into liquid fuel, economic development officials say.

Fox Ridge Pair Combine For $46M Transaction (Real Deals)

by George Waldon 4/4/2016 12:00 am

Two Fox Ridge assisted living centers in Pulaski County generated eight-digit transactions, and a 2,200-SF Taco Bell in North Little Rock served up a $1.88 million sale.

LM Wind Power to Build 44K-SF Warehouse at Little Rock Port

by Lance Turner 4/1/2016 11:18 am

LM Wind Power said Friday that it will consolidate its two Little Rock operations at the city's port and build a new 44,000-SF warehouse there to open in July.

East Camden Solar Plant Turns on Power

by Arkansas Business Staff 4/1/2016 10:27 am

The power turned on Thursday at the state's largest solar installation, a 12MW solar plant in East Camden.

Roger Jenkins' Pay Rises as Others' Fall at Murphy Oil

by Kyle Massey 3/29/2016 11:49 am

Murphy Oil Corp. CEO Roger Jenkins received $14 million in total compensation despite a salary freeze and no bonus.

Siemens Lawsuit Against Monticello Tossed

by Arkansas Business Staff 3/28/2016 12:00 am

The city of Monticello recently received an early victory in its legal fight with the Illinois contractor hired for a $10 million water project.

Stephen K. Parks' Coal Tax-Credit Scam a Deep, Dark Pit

by Mark Friedman 3/28/2016 12:00 am

Pleading guilty to a coal tax-credit scheme and entering federal prison last year didn't settle the legal issues surrounding Little Rock businessman Stephen K. Parks.

Stephen Parks' Failed Attempt to Become a Coal King

by Mark Friedman 3/28/2016 12:00 am

2013 was supposed to be a banner year for Little Rock businessman Stephen K. Parks' coal businesses, but things were falling apart even before the year arrived.

Department of Energy Gives Approval for Clean Line Project

by Alexis Hosticka 3/25/2016 02:36 pm

The Department of Energy will participate in the development of the Plains & Eastern Clean Line Project, a major clean energy infrastructure project, U.S. Secretary of Energy Ernest Moniz announced Friday.

Arkansas February Unemployment Rate Falls to 4.2 Percent

by Lance Turner 3/25/2016 09:19 am

Arkansas' February unemployment rate is 4.2 percent, down from 4.4. percent in January and 5.6 percent in the same month last year, according to report Friday from the state Department of Workforce Services.

ArkUAV Receives FAA Exemption for Commercial Drone Operations

by Arkansas Business Staff 3/23/2016 10:27 am

Little Rock drone company ArkUAV has received an exemption from the FAA to fly unmanned aerial vehicles for commercial use after applying for it in July 2015.

Coulson Sees Costly Changes Ahead for Gas Stations

by Alexis Hosticka 3/22/2016 03:22 pm

Beginning in October 2017, pay-at-the-pump gas stations will be required to use machines that accept EMV credit cards, a potentially expensive adjustment, according to Coulson Oil Co. Chairman Mike Coulson.

M&M Bankruptcy Lists Over $8 Million in Debts

by Arkansas Business Staff 3/21/2016 12:00 am

The Conway firm that provided environmental services to the oil and gas industries filed for bankruptcy liquidation last month, but it didn't list many financial details. The amended filing reports M&M has $3.2 million in assets.

Arkansas Business Presents The Power List 2016

by Gwen Moritz 3/21/2016 12:00 am

The total number on our list this time is 179, but our goal has never been a particular number. Our goal is to give readers a resource to help navigate the leadership of the largest companies or institutions in the individual industries. And some industries have broader bases than others.

Big River Plant Processes First Batch of Steel

by Arkansas Business Staff 3/18/2016 11:46 am

Big River Steel said Friday that it has commissioned its first steel-processing machinery, the first step in a phased start-up of the $1.3 billion plant near Osceola.

Murphy USA CEO Andrew Clyde Sees Pay Boost in 2015

by Kyle Massey 3/17/2016 11:00 am

Stock awards lifted the pay of Murphy USA Inc. CEO Andrew Clyde in 2015, raising his total compensation to $5.6 million, about a half-million dollars more than he earned in 2014.