N.O.-based Smoothie King sold to Korean group
By Leslie Turk
July 26, 2012
SK USA Inc., a division of Korea-based SK Group, bought controlling interest in Smoothie King Franchises Inc. of Metairie from co-founders Steve and Cindy Kuhnau. The Kuhnaus founded the company almost four decades ago.
North meets south for like-minded lawmakers
July 26, 2012
A North Louisiana lawmaker has teamed up with Acadiana reps to fund Lafayette area infrastructure projects he calls “incredibly vital” to the state’s economy. On July 10 state Sen. Neil Riser of Monroe and state Rep. Joel Robideaux, Republican lawmakers who respectively chair the Senate and House committees that control the state construction budget, announced more than $22 million in capital outlay funding for various projects in the Acadiana region.
Lafayette banks take on Houston
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| Photo by Robin May |
Two regional banks anchored in Lafayette are making notable leaps into the Houston banking market.
By Heather Miller
July 26, 2012
IberiaBank’s loan portfolio in the Houston market as of the end of 2011 is more than eight times larger than it was at the end of 2009, and by the end of 2013 Houston will have five new MidSouth Bank branches lining its streets.
Devon Energy’s 4th Tuscaloosa well best ye
By ABiz Staff
July 26, 2012
Devon Energy’s fourth horizontal well in the Tuscaloosa Marine Shale is producing 384 barrels of oil per day, its strongest yet.
Louisiana DNR Secretary Scott Angelle announced that the Oklahoma City-based company completed its fourth horizontal well in the Tuscaloosa Marine Shale, with initial production test figures submitted the second week of July showing the strongest oil production results of the company’s TMS wells to date — 384 barrels of oil per day.
This newest well, located in northern St. Helena Parish, follows Devon’s successful drilling of two productive horizontal TMS wells, one in East Feliciana Parish and the other in Tangipahoa Parish, Angelle said. Devon also has two other TMS well projects in progress — another in Tangipahoa Parish and one in West Feliciana Parish.
The TMS is believed to underlie much of Central Louisiana, with potential productive areas currently being explored from Vernon Parish to Tangipahoa Parish. It appears to be primarily an oil-rich play.
Rum tasting coming to an interstate near you
By Heather Miller
July 26, 2012
The stretch of I-10 near Lacassine will be a bit more spirited by the end of the year when Louisiana Spirits, a new rum distillery under construction in Jeff Davis Parish, is slated to open for rum production and guided tours.
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Most Read
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Glenn Stewart convicted
In rendering his ruling, District Judge John Trahan all but called the real estate developer a liar for inconsistencies in his accounts of what prompted him to punch a school teacher unconscious. -
Dana Baker resigns from Festival International
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Frank’s Casing Crew going public
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time. -
Landry, Pierre playing the blame game
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details. -
Shelvin loses cool, fails to disclose conflict
City-Parish Council Chairman Brandon Shelvin heaped steady doses of condescending ire on a Blue Cross/Blue Shield of Louisiana executive while failing to reveal his financial ties to a BC/BS rival.
in case you missed it
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The One Who Got Away
Abbeville native David Primeaux was a popular professor until his death late last year, and while he was successful at camouflaging a dark past, he couldn’t outlive it. -
Fore!
Before District Attorney Mike Harson tees off for a fifth term in office, he should seriously consider what might be coming at him. -
The Day Primeaux Died
Now we know why the former pedophile priest committed suicide late last year, and the story behind it is more riveting than his death. -
Risky Business
Tehmi Chassion’s failure to recuse himself in the school board’s selection of a group health benefits provider raises ‘serious questions’ on whether he violated state ethics law. -
Posthaste VS. DAVID EGAN
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.