Finley Resources
Finley Resources is a privately owned and operated energy company headquartered in Fort Worth, Texas, USA.[1][2] The company operates about 2,500 oil and gas properties in nine states including Texas, Oklahoma, Utah, Wyoming, Louisiana, Mississippi, Alabama, Pennsylvania, and New Mexico.
Affiliated companies include Mesa Well Servicing in Hobbs, New Mexico, Slick Rod Systems, Pecos Transport, and ATD, Inc.
History[edit]
Finley resources was established in 1993. In 2012, the owner and CEO of Findlay Resources was Jim Finley,[3] who was previously a Texas Certified Public Accountant working primarily with oil and gas companies. By 2014, the company had about 90 employees.[4]
Finley Resources has been active in the development of the Barnett Shale and the Texas Permian Baisin, among other energy developments.[5] Some of the company's operations use the hydraulic fracturing process. The company uses water, mainly from ponds and rivers, for this process.[4][6] One of its wells is within the town of Norman, Oklahoma and this led to a dispute over the use of the town's drinking water for industrial purposes.[7][8] The company was able to do this legally even during a period of water shortage because the town ordinances did not limit industrial use in these circumstances.[9]
In 2014 Finley resources was in the news several times, once after Finley made a $40,000 campaign contribution to a member of the state panel that regulates oil and natural gas.[10] Later, an explosion of two oil storage tanks injured one worker.[11] One of the company's injection wells, near Azle, Texas was shut down over concerns that high pressure in the well might have been the cause of a number of local earth tremors. However, the Texas Railroad Commission which did the testing indicated that the closure was precautionary and that there was no evidence that the tremors were caused by the well.[12]
References[edit]
- ^ " Utah oil, gas lease bids bring in millions for BLM; next auction slated for Southern Utah. St George News. by Mori Kessler on November 21, 2013
- ^ "BLM Utah Lease Sale Proceeds Plunge". Natural Gas Intel. Richard Nemec May 20, 2015
- ^ "Troubled Chesapeake Energy's financial savior - India?". oilprice.com, By John Daly, 24 April 2012
- ^ a b "Water worries bring local oil and gas operation under scrutiny", June 6, 2014 By Joy Hampton, The Norman Transcript
- ^ [1]Texas-Drilling.com Finley Resources Operator Profile
- ^ "Top Business Stories: Drilling In Norman, Aubrey McClendon, And Cows". KGOU. By Adam Brooks • Jun 16, 2014
- ^ "Norman Moving Quickly to Hike Rates for Drillers Using Drinking Water". StateImpact. May 2, 2014 By Logan Layden
- ^ "Norman residents question drilling company's use of drinking water". Jane Glenn Cannon, April 11, 2014, The Oklahoman, via NewsOk.
- ^ "Drilling company uses Norman drinking water for hydraulic fracturing". Oklahoma Daily, April 16, 2014
- ^ "Fracking interests are big donors to Texas regulators". Dallas Morning News. By MARISSA BARNETT 04 July 2014 Archived 2 June 2015 at the Wayback Machine
- ^ "One man injured in Robertson County oil storage explosion". KXXV Jul 09, 2014 Archived March 5, 2016, at the Wayback Machine
- ^ "Texas agency reports injection well near Azle shut down". Dallas Morning News, JAMES OSBORNE, 21 January 2014. Archived 4 March 2016 at the Wayback Machine