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PITTSBURGH-- Pennsylvania's Supreme Court heard arguments Tuesday in a natural gas case that could create chaos for major energy companies and thousands of leaseholders. The Powers estate claims that the reference to "minerals" in the old deed gives them part ownership of the natural gas locked in the Marcellus Shale under the property.
CHARLESTON, W.Va.-- West Virginia's seasonally adjusted unemployment rate rose one-tenth of a percentage point to 7.6 percent in September. WorkForce West Virginia said Tuesday that total employment fell by 3,200. The job losses included 2,100 in the service-providing sector and 1,100 in the goods-producing sector.
CHARLESTON, W.Va.-- West Virginia Gov. In September, FEMA approved individual assistance for residents in Fayette, Kanawha, Nicholas and Raleigh counties after Tomblin appealed the agency's initial denial of aid.
ABINGDON, Va.-- A grand jury in Virginia has returned charges against five West Virginia men for an alleged scheme to withdraw more than $10 million in cash from financial institutions to pay kickbacks to mine supply buyers. In exchange for a 10 percent fee, J.D. "Dot" McReynolds of Tazewell, Va., provided cash and fraudulent invoices to the coal operators.
MORGANTOWN, W.Va.-- West Virginia University is getting more than $476,000 in federal funding for a mental and behavioral health training program.
HARRISBURG, Pa.-- Pennsylvania state agencies and local governments in places where drilling for natural gas is occurring learned Monday how much money they will get out from a fund that has already collected more than $200 million in "impact fees" from drillers.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Of the major oil- and gas-producing states, Texas gained four rigs while Alaska, New Mexico and Oklahoma gained one apiece. Arkansas, Colorado, North Dakota and Wyoming lost one rig apiece.
They fault President Barack Obama and his Environmental Protection Agency for new clean air rules they deride as a devastating blow to a multibillion-dollar industry that has been the lifeblood of Appalachia for generations.
CHARLESTON, W.Va.-- The Greenbrier resort is buying one of the nation's oldest golf courses after it failed to sell at auction over the summer, the resort's owner told The Associated Press on Friday. Greenbrier owner Jim Justice confirmed the purchase of Oakhurst Links.
WILLIAMSON, W.Va.-- The Mingo County Airport Authority celebrated the opening of a 7,000- foot runway and its new Air Transportation Park on a reclaimed mine site Friday.
CHARLESTON, W.Va.-- Federal health officials on Thursday urged a renewed focus on diabetes prevention efforts in West Virginia, where more than one in 10 adults has the disease. The Appalachian Regional Commission sponsored a roundtable discussion attended by health professionals and representatives of state and other agencies.
Oct 11- Fitch Ratings has affirmed MGM Resorts International's. Fitch also affirms all of MGM's and MGM Grand Paradise's transaction ratings, which are listed at the end of the release. The above considerations should improve MGM's credit profile in terms of liquidity, FCF and leverage to be more consistent with a' B' IDR over the next several quarters.
Our projected distressed EBITDA multiple for NTELOS is 4 x and recognizes the company's limited geographic footprint as well as the substantial, and growing reliance on a wholesale contract with Sprint Spectrum L.P. Our `BB-' corporate credit ratings on NTELOS are not affected by the refinancing.
OWEGO, N.Y.-- A Texas company has begun drilling a vertical well to explore the potential of the Marcellus Shale natural gas formation, joining about a dozen others probing the potentially lucrative rock beneath New York's southern tier. Carizzo Oil& Gas of Houston recently started digging its first well north of the Tioga County village of Owego.
Velvet Ice Cream said Thursday that some of the peanut products bought from Sunland Inc. for use in the ice cream flavors could be contaminated. The recalled Velvet products are sold mainly at convenience stores, ice cream parlors and small, independent retailers in Ohio, Indiana, Kentucky, Tennessee, Virginia and West Virginia.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
CHARLESTON, W.Va.-- The Associated Press decided not to cover the West Virginia gubernatorial debate Tuesday because of restrictions placed on media coverage by its organizers.
CHARLESTON, W.Va.-- The average price at the pump took a big jump in West Virginia this week to $3.90 a gallon. It makes the price of gas in West Virginia almost a dime higher than the national average. While lagging California's $4.67 a gallon average, some pumps in West Virginia are inching up to the $4- a-gallon mark.
CHARLESTON, W.Va.-- Federal prosecutors say an undisclosed settlement has been reached with an in-home health care provider and its owner who was accused of fraudulently obtaining more than $2 million from Medicaid.
CHARLESTON, W.Va.-- Century Aluminum Co. is rejecting a proposal meant to aid the restart of its West Virginia smelter. The California- based metals producer announced Tuesday that the electricity rate offer from the state Public Service Commission falls short.