The sun sets over the Bakken Oil Formation, behind an oil well near Williston, N.D. From Jim Gehrz/Minneapolis Star Tribune
The oil boom isn’t dead after all.
For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and resumed drilling for crude. And then one returned to the Permian Basin, the nation’s biggest oil play, field services contractor Baker Hughes Inc. said Friday.
Shale explorers including EOG Resources Inc. and Irving-based Pioneer Natural Resources Co. say they’re preparing to bounce back from the deepest and most prolonged slowdown in U.S. oil drilling on record. The country has lost more than half its rigs since October, casualties of a 49 percent slide in crude prices during the last half of 2014. Futures rallied above $60 a barrel early…
From left are Bellisio Vice President of Engineering Ryan Wright, Bellisio Vice President of Human Resources Larry Sprague, Bellisio Senior Vice President of Operations Mike Evans, Jackson County Economic Development Executive Director Jennifer Jacobs and Assistant Director Sam Brady. (Telegram Photo By Bradford Sherman)
As a part of the company’s ongoing community support, Bellisio Foods has made a generous donation to the Jackson County Economic Development Board.
On Wednesday, company officials Mike Evans, Ryan Wright, and Larry Sprague presented a check for $5,000 to the JCEDB and its leaders, Executive Director Jennifer Jacobs and Assistant Director Sam…
Rob Smith, a consultant with Depco LLC, a mechatronics equipment company, shows some of the training center, including an automated material-handling robot (right) in the Young Entrepreneurs Classroom in the new Carrollton Schools POWER Training and outdoor learning center during an open house Friday in Carrollton. Photo from Times Recorder.
Why it matters: Thanks to new revenue generated by the oil and gas boom and grants from the state, the Carrollton Exempted Village Schools District has been able to build a new training center for students and is making plans to build a new K-12 building. School and local officials attribute the growth to the oil and gas boom, which has transformed Carroll County over the past couple of years.
For Carrollton Exempted Village Schools, 2015 is looking to be a year of big changes — all of them positive,…
Fluor-B&W Portsmouth has given a $50,000 grant to Rural King. Last summer Fluor was approached about an unnamed business, code-named “Project Helicopter,” wanting to purchase part of the former Masco cabinet plant and create more than 100 jobs.
Fluor-B&W officials said they were immediately interested in the request, which came from Pike County officials along with the Appalachian Partnership for Economic Growth (APEG), Jobs Ohio and the Joint Economic Development Initiative of Southern Ohio (JEDISO).
Project Helicopter became a reality last October when Ohio Governor John Kasich and local business leaders welcomed Rural King to Pike County. On Thursday, April 30 representatives from Fluor-B&W and economic development directors from Pike, Scioto, Jackson and Ross counties presented Rural King CEO Alex Melvin a check for $50,000, which was provided from the Fluor-B&W Opportunity Fund.
That investment along with other economic incentives including a $50,000 grant from the Southern Ohio Diversification Initiative…