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Headlines from Alabama 810 News
- Gadsden couple indicted in fraud scheme
- Marsh re-appointed party finance chairman
- Acreage on the market in gas rich St. Clair
Gadsden couple indicted in fraud scheme
A federal grand jury returned an indictment
Wednesday charging a Gadsden couple with carrying out a $99,638 bank
fraud against a transportation company.
32 year old Richard Keith Thompson, and 36 year
old Monica Murphy Thompson, are charged with conspiracy and bank
fraud in a scheme that operated from March 2002 to May 2003.
They are accused of fraudulently applying for and
receiving two credit cards in the name of the owner of Woods
Transportation of Gadsden where Monica Thompson was the secretary and
Prosecutors said the two took cash advances on
the credit cards, using the money for personal gain. The indictment
said the two then conspired to forge the signature of the company's
owner through checks drawn on his back account to pay down the credit
Marsh re-appointed party finance chairman
The new chairman of the Alabama Republican Party
-- state Representative Mike Hubbard has reappointed state Senator
Del Marsh as the party's finance chairman. Hubbard says he and
Marsh worked together last year to raise more than two-point-five (M)
million dollars for Republican legislative candidates across the
state. Marsh also served as the party's finance chairman under
previous party Chairman Twinkle Andress Cavanaugh. Marsh is an
Anniston businessman who is serving his third term in the state
Acreage on the market in gas rich St. Clair
acreage in energy-rich St. Clair County is on the market, just as
drilling companies scramble for more land in Alabama's booming
natural-gas oasis. A Texas-based timber company said Tuesday it plans
to sell underlying mineral rights to 351,000 acres in Alabama and
Georgia. The company didn't say how much of the land is in the new,
40-square-mile Big Canoe Creek gas field 45 miles northeast of
Birmingham. Kenny Jastrow, chief executive of Austin-based
Temple-Inland Corp., told investors on a conference call Tuesday there
has been "a significant gas find in Northern Alabama" and that his
company has "land in that area."
Natural-gas exploration companies have been
offering landowners $500 per acre signing bonuses and an 18 percent
share of eventual natural gas revenues.
Others have struck it rich..
But gas fever hit St. Clair County in earnest
last month when one of the production companies asked the Oil and Gas
Board for permission to expand drilling. Dominion Resources admitted
that some of the gas shales run 7,000 feet thick - four times thicker
than the shales in the nation's largest onshore gas field, in Texas.
Most of the exploration is near Ashville.
There are 16 active or permitted wells in St.
Clair, according to the most recent Oil and Gas Board records.
Virginia-based Dominion Resources operates 14 of them and
Birmingham-based Energen Corp. has two.
Energen, which explores for energy throughout the
South and Southwest, said last year it was exploring in Alabama, but
had declined to say where. An Energen representative confirmed at an
Oil and Gas Board hearing this month the company has been active in
St. Clair County.
Geologists say the underlying formation
containing the natural gas is much larger than the St. Clair County
portion, and that it might run south of Birmingham and into northern
Georgia. Some have compared its potential to the legendary Barnett
Field, which covers 5,000 square miles in Texas.
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