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  • May 2- Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals and then crumbled under the weight of debt when prices crashed. With little chance of seeing hundreds of millions of dollars in debt repaid, creditors including Goldman Sachs, Highbridge Capital...

  • Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. Kansas, Louisiana, Texas and West Virginia were down two apiece. Alaska, Arkansas, California, North Dakota, Ohio, Pennsylvania, Utah and Wyoming were all unchanged.

  • EDINBURG, Va. _ Shenandoah Telecommunications Co. on Friday reported first-quarter profit of $13.9 million. The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $92.6 million in the period. Shenandoah Telecom shares have increased 29 percent since the beginning of the year.

  • CHARLESTON, W.Va. _ United Bankshares Inc. on Thursday reported first-quarter net income of $34.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. United Bankshares shares have increased slightly more than 4 percent since the beginning of the year.

  • CHARLESTON, W.Va.— Prosecutors are urging a federal appeals court not to allow former coal company executive Don Blankenship to remain free next month while the court considers his appeal. Attorney Steve Ruby wrote in a filing submitted Monday night to the 4th U.S. Circuit Court of Appeals. Blankenship was sentenced April 6 to a year in prison and ordered to pay a...

  • In 2008, the Coast Guard ordered Taylor Energy Company to conduct daily flights over the site of its leak to visually monitor chronic oil sheens that often stretch for miles off Louisiana's coast. That requirement remained in effect until December, when the Coast Guard amended the order to reduce the minimum number of required overflights to twice a week.

  • CHARLESTON, W.Va.— Coal producer Murray Energy Corp. is challenging the U.S. Environmental Protection Agency's final rule that targets mercury pollution from power plants. The U.S. Supreme Court ruled last year that the EPA should have considered the costs and benefits before imposing limits on mercury and other air pollutants from coal- and oil-fired power...

  • SUMMERSVILLE, W.Va.— Environmental groups are taking legal action to require the West Virginia Department of Environmental Protection to treat water pollution at bankrupt coal mines. News outlets report that the West Virginia Highlands Conservancy, West Virginia Rivers Coalition and the West Chapter of the Sierra Club filed two lawsuits in two federal...

  • CHARLESTON, W.Va. _ City Holding Co. on Monday reported first-quarter net income of $11.7 million. City Holding shares have increased 7 percent since the beginning of the year. Keywords: City Holding, Earnings Report.

  • MOOREFIELD, W.Va. _ Summit Financial Group Inc. on Monday reported first-quarter earnings of $4.1 million. Summit Financial shares have climbed 56 percent since the beginning of the year. Keywords: Summit Financial, Earnings Report.

  • Houston oilfield services company Baker Hughes Inc. said Friday 343 rigs sought oil and 88 explored for natural gas. Among major oil- and gas-producing states, Texas lost seven rigs and Louisiana and Ohio each dropped one. Alaska, Arkansas, California, Colorado, Kansas, New Mexico, North Dakota, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all...

  • CHICAGO, April 22- West Virginia's environmental authority opposes a plan by bankrupt coal miner Alpha Natural Resources to sell core assets to its hedge fund lenders, saying in a court filing that it could undermine a $1 billion cleanup. The West Virginia regulator said in a filing that Alpha had yet to explain how it would comply with its bonding and cleanup...

  • April 14- Colorado State University on Thursday said it expects hurricane activity in the Atlantic basin to be near normal in 2016 with 12 named storms, including five hurricanes, two of which will be major hurricanes. See: http://hurricane.atmos.colostate.edu/forecasts/2016/apr2016/apr2016. pdf While the current weakening of the El Nino weather...

  • Meteorologists at AccuWeather, a private weather forecaster based in Pennsylvania, also predicted more storms than normal this year, with an expected 14 named storms and eight hurricanes, four of which will be major hurricanes. Hurricanes don't pack the same punch for the U.S. natural gas market as they did a decade ago because the bulk of the nation's gas...

  • CHARLESTON, W.Va., April 6- Former Massey Energy Chief Executive Don Blankenship was sentenced to a year in prison and fined $250,000 on Wednesday for his role in a 2010 West Virginia coal mine explosion that killed 29 workers. Blankenship, known as West Virginia's "king of coal" for his rags-to-riches background and tough approach to business, was given the...

  • CHARLESTON, W.Va., April 6- Former Massey Energy Chief Executive Don Blankenship was sentenced to a year in prison and fined $250,000 on Wednesday for his role in a 2010 West Virginia coal mine explosion that killed 29 workers. Blankenship, known as West Virginia's "king of coal" for his rags-to-riches background and tough approach to business, was given the...

  • "Volkswagen must be held accountable for its false and misleading promotion and sales of its vehicles in the Commonwealth," Kentucky Attorney General Andy Beshear said in a statement. Kentucky is at least the fifth U.S. state to sue VW, along with New Jersey, Texas, New Mexico and West Virginia. District Judge Charles Breyer in San Francisco the status of talks over a...

  • March 22- The U.S. state of Kentucky filed suit against Volkswagen AG and its luxury units Tuesday over the German automaker's excess diesel emissions scandal. Kentucky Attorney General Andy Beshear said VW willfully violated Kentucky's Consumer Protection Act by fraudulently promoting diesels. Kentucky is at least the fifth U.S. state to sue VW, along with...

  • The funds announced by the federal Appalachian Regional Commission and the Economic Development Administration will support projects that help coal-dependent communities in places like West Virginia and Kentucky diversify their economies, retrain the workforce and attract new investment. Last week, Democratic front-runner Hillary Clinton...

  • NEW YORK, March 7- U.S. shale oil production in April is expected to chalk up the second-largest monthly decline on record, and the sixth straight monthly decrease, a U.S. government forecast released on Monday showed. Total output is expected to fall by 106,000 barrels per day to 4.87 million bpd, according to the U.S. Energy Information Administration's drilling...