Drilling permit for Helis Oil approved for fracking proposal in St. Tammany Parish

Drilling permit for Helis Oil approved for fracking proposal in St. Tammany Parish, La., officials say - @wdsu Dec 11 - IN ORDER TO ENSURE THAT WE HAVE TIME TO ENTER ALL NEW ISSUE INFORMATION, DALCOMP ASKS THAT FIRMS CALL US AT 212-404-8107 OR USE OUR FAX 212-404-8153 TO INFORM US UPCOMING ISSUES. WE WILL ADD ANY INFORMATION WE RECEIVE BY 2 P.M., EDT, ON THURSDAY AFTERNOON. PLEASE BE SURE TO INCLUDE THE ENTIRE MANAGEMENT GROUP. IF YOU HAVE ANY QUESTIONS ABOUT THIS SERVICE, PLEASE CALL DALCOMP AT 212-404-8107 . ISSUE/SENIOR MANAGER SALE (IN 000) MDY/S&P/FTCH -------------------- ---- --------- ----------------- DORMITORY AUTHORITY OF THE STATE WEEK OF 464,000 Aa1/AAA/ OF NEW YORK STATE PERSONAL INCOME 12/15 TAX REVENUE BONDS TAX EXEMPT MGR: Bank of America Merrill Lynch, New York REMARK: ROP: 12/15 ------ ST. TAMMANY PARISH, La. —A drilling permit has been approved for Helis Oil & Gas Co. for a proposed fracking operation in St. Tammany Parish. Day of Sale: 12/18 ATASCADERO UNIFIED SCHOOL DISTRICT WEEK OF 33,500 Aa3// SAN LUIS OBISPO COUNTY CALIFORNIA 12/15 GENERAL OBLIGATION BONDS SERIES B MGR: Morgan Stanley & Co. LLC, New York ST. TAMMANY PUBLIC TRUST FINANCING WEEK OF 33,315 NR/NR/ AUTHORITY REVENUE AND REFUNDING 12/15 REVENUE BONDS, SERIES 2014 (CHRISTWOOD PROJECT) MGR: Ziegler, Chicago ====== COMPETITIVE MUNICIPAL SALE CALENDAR TEXT-Fitch on St. Tammany Parish Hospital Service District 1, La. Wed, Nov 21 10:51 AM EST Nov 21 - Fitch Ratings has published a report on St. Tammany Parish Hospital Service District No. 1, LA. The report is available at 'www.fitchratings.com'. Additional information is available at 'www.fitchratings.com'. Applicable Criteria and Related Research: St. Tammany Parish Hospital Service District No.1, Louisiana Tue, Aug 20 08:25 AM EDT *=BANK QUALIFIED RATING BIDDING MDY/S&P/FITCH ($MIL) ISSUER DEADLINE (EST) AA 20.00 St Tammany Par SD #12, LA, GO 12:30 PM The approval was posted to the state Department of Natural Resources' website Friday afternoon. PDF: Drilling approval According to the Environmental Protection Agency, the process of hydraulic fracturing (also known as fracking) begins with mixing large amounts of water with chemical additives. The mixture is injected into a well to create cracks in the ground that allow oil or gas to escape through the well to be collected at the surface. Water for use in fracking can be take from underground aquifers or lakes, ponds and streams. After the process, it is often disposed underground, treated and returned to "surface water bodies" or recycled for use in future fracking operations. Fracking has drawn sharp criticism on the Northshore. Abita Springs pulled out of the St. Tammany West Chamber of Commerce in November. The town's mayor is at odds with the chamber over what he called the chamber's apparent support of hydraulic fracturing. "This is unfortunate news," said Abita Springs Mayor Greg Lemons upon hearing word of the approval. "There are at least 3 lawsuits against it on zoning laws. Its unfortunate that (the Department of Natural Resources) has made that decision." Lemons said in a previous interview with WDSU that it's not one well that is the issue. "It's the subsequent multiple wells that will be after, that will shake this whole lifestyle of this parish which will ultimately affect business," Lemons said in November. Stay with WDSU.com for more information as it develops.