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Article Excerpt
RIDGELAND -- Twenty years ago, only the big oil companies and their room-sized computers could afford the technology to find oil and gas hiding far below the earth and sea.
Today, little companies like the three-man oil and gas exploration firm of LyMac, LLC, are using technology breakthroughs to uncover oil and gas on desktop computers. The two-year-old company is looking for small deposits overlooked by the big guys and has so far discovered about $100 million worth of natural gas 60 miles off the coast of Gulfport. Seven wells have been drilled so far, but only three were producers.
LyMac's owners say they've seen "modest success," but in just two years their firm has generated about $85 million in economic activity, based on jobs created and taxes paid to the state and federal governments.
LyMac is owned by Robert "Bob" McElroy, Tim Lyons and George Puckett, all...
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