Pennant Midstream Prepares for 2 More Processing Plants
Monday, October 21, 2013NEW MIDDLETOWN, Ohio -- Pennant Midstream LLC is preparing land for two additional processing plants at its Springfield Township site in anticipation of greater demand for natural gas liquids across the Utica shale, the company reports.
Devon, Crosstex Energy to Combine Midstream Assets
Monday, October 21, 2013YOUNGSTOWN, Ohio -- Devon Energy Corp. and Crosstex Energy Inc., based in Dallas, announced Monday theyhave signed definitive agreements to combine substantially all of Devon’s U.S. midstream assets with Crosstex’s assets to form a new midstream partnership. The new business will consist of two publicly traded entities: the master limited partnership and a general partner entity.
Devon, based in Oklahoma City, will hold a controlling stake in both entities. The new company will be based in Dallas.
Bankruptcy Court Sets Auction for D&L's Assets
Monday, October 21, 2013YOUNGSTOWN, Ohio -- An auction that would sell "substantially all" the assets of embattled injection well operator D&L Energy is scheduled for Nov. 13 in Cleveland.
According to a notice filed Oct. 18, the auction will take place at 10 a.m. at the offices of Squire Sanders LLP in downtown Cleveland.
The court has approved certain bidding and auction procedures that allows the debtor to solicit bids for its assets, documents say.
A hearing to consider approval of the sale is set in U.S. Bankruptcy Court in Youngstown for Nov. 19 at 9:30 a.m., court papers say.
Muransky Sees No Let-up in Boardman's Development
Monday, October 21, 2013BOARDMAN, Ohio -- Ground will be broken this week on a 16,000-square-foot building, north of the Dunkin’ Donuts on Market Street and in front of the Southwoods Executive Center, that will house offices for six physicians, developer Ed Muransky said Friday.
Purchasing Seminar to Link Small, Large Businesses
Monday, October 21, 2013YOUNGSTOWN, Ohio -- Area small businesses will have the opportunity to connect with larger companies to potentially secure them as customers for their products and services at the Mahoning Valley Business Advantage Purchasing Seminar later this month.
Aluminum Industry Employs Nearly 12,000 in Ohio
Monday, October 21, 2013ROSSLYN, Va. -- The domestic aluminum industry directly employs nearly 12,000 and contributes $4.8 billion to the Ohio economy, finds a new study commissioned by the Aluminum Association.
For each aluminum industry job, an additional 3.9 jobs are created elsewhere in the economy of the Buckeye State for a total of 46,000 jobs, according to the study.
When supplier and induced effects are taken into account, the industry has an economic footprint of more than $10.1 billion -- nearly 2% of the state’s gross domestic product.
Other key findings:
'3 Minutes With' Ed Muransky, Larry Moliterno
Monday, October 21, 2013BOARDMAN, Ohio – In today's "3 Minutes With" video, Ed Muransky, owner and chairman of the Muransky Companies, and Boardman Township Trustee Larry Moliterno discuss doing business in Boardman and upcoming developments in the township. They were among the speakers at the inaugural “This is Boardman Business & Organization Breakfast” held Friday at Boardman Park (READ STORY).
Opera Western Reserve to Present La Boheme
Monday, October 21, 2013YOUNGSTOWN, Ohio -- Opera Western Reserve will celebrate its 10th year by presenting Giacomo Puccini's most popular and melodic opera, La Boheme at 7:30 p.m. Nov. 15 in Stambaugh Auditorium.
The company of more than 60 will sing the work in Italian but there will be English subtitles.
Music director Susan Davenny Wyner will lead the opera.
HBA Inducts 2 into Its Hall of Fame
Monday, October 21, 2013BOARDMAN, Ohio -- The Home Builders & Remodelers Association of the Valley has inducted Teri Storey and Jim Grantz into its hall of fame. Andy Profanchik, chairman of the committee, presented Storey of Masonry Materials Plus and Grantz of Komar Plumbing & Grantz Family Properties plaques Oct. 15.
The HBA also presented 50-year service awards to Joe Sylvester Sr. and Guy Damore, both past HBA presidents and inducted earlier into the hall of fame.
Pipelines Inc. Steps on the Shale Gas
Saturday, October 19, 2013EAST LIVERPOOL, Ohio -- Pipelines Inc., a company founded in 1991 to serve the water and sewer infrastructure market, happily finds itself in the right place at the right time.
The place is East Liverpool, and the time coincides with the acceleration of oil and gas exploration in northeastern Ohio and western Pennsylvania, which today has attracted some of the biggest names in the energy business to this part of the country.