Oil Spills News

Monday, July 28, 2014

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Raw: Central Washington Fire Not Contained

Raw: Central Washington Fire Not Contained

AP (July 17, 2014) Residents of hundreds of homes in central Washington state have been told to evacuate. A huge fire burning north of Leavenworth is not contained. (July 17) Video provided by AP
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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Drought-Stricken Farmers Desperate for New Water Wells

Drought-Stricken Farmers Desperate for New Water Wells

Reuters - US Online Video (July 9, 2014) Well drilling companies are in high demand as farmers scramble to irrigate their crops through California's record drought. Linda So reports. Video provided by Reuters
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North Carolina Coast Survives Hurricane Arthur

North Carolina Coast Survives Hurricane Arthur

AP (July 4, 2014) Proving far less damaging than feared, Hurricane Arthur left tens of thousands of people without power in a swipe at North Carolina's dangerously exposed Outer Banks, then brought lousy holiday weather to the Northeast as it veered out to sea. (July 4) Video provided by AP
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last updated on 2014-07-28 at 4:03 am EDT

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