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    Fire in the Gulf

    Who is Mariner Energy? Houston firm that owns the latest oil rig to explode hasEnron and BP ties

    Sarah Rufca
    Sep 2, 2010 | 1:14 pm
    • Mariner Energy's logo
    • Scott D. Josey, chairman, CEO and president of Mariner Energy
    • Reports from the U.S. Coast Guard put the latest explosion of an oil platform inthe Gulf of Mexico about 128 kilometres off the Louisiana coast, west of thesite where BP's undersea well spilled after a rig explosion. The fire logo withthe blue line marks the approximate site of the Mariner Energy explosion. Theother icon notes the site of the Deepwater Horizon explosion and leak.
    • Mariner Energy headquarters in One Briar Lake Plaza on West Sam Houston ParkwaySouth in Houston

    Just over four months after an explosion on BP's Deepwater Horizon rig caused the largest oil spill in history, tensions are running high with the news of another offshore oil rig blast.

    Though many details have yet to emerge. It's not clear if the rig was drilling or idle or what caused the fire, though all 13 workers on board survived with one injured.

    About the only concrete news to come out is that the rig is owned and operated by Houston-based Mariner Energy. But just who is Mariner?

    Incorporated in 1983, Mariner has a drilling portfolio of 150,000 acres in the Permian Basin and 350 Federal offshore leases in both the continental shelf and deep water. The company has 328 employees, the vast majority of which are in the Houston headquarters, and posted a net income of $17 million in the first two quarters of 2010.

    President and CEO Scott D. Josey's tenure dates to when Enron — where Josey was a vice president and managed the Energy Capital Resources group — had a controlling stake in the company.

    Mariner's website includes information about their exploration, growth and acquisition models, including that:

    Our exploration program is designed to facilitate organic growth through exploration in a wide variety of drilling projects, including higher-risk, high-impact projects that have the potential to create substantial value for our stockholders.

    The explosion of rig Vermilion 380 could complicate a pending merger between Mariner and Apache Corporation. The deal was announced in April for Apache to purchase Mariner for $2.7 billion, giving Apache its first access to oil deposits in the Gulf of Mexico. But that figure assumes a Mariner stock price of $26.22, and after news reports of the rig fire the stock is already down more than four percent

    In July, Apache also purchased fields from cash-hungry BP in West Texas, Canada and Egypt for $7 billion.

    unspecified
    news/city-life

    hottest headlines of 2025

    Houston's richest residents, best suburbs, and more top city news in 2025

    Amber Heckler
    Dec 22, 2025 | 3:45 pm
    Museum of Fine Arts, Houston gala 2025
    Photo by Wilson Parish
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    Editor’s note: As 2025 comes to a close, we're looking back at the stories that defined Houston this year. In our City Life section, readers will notice several of our local universities earned high praise from prestigious global and national publications. Houston's sprawling suburbs continued to skyrocket in popularity for their livability and safety, and no top-10 list is complete without mentioning the city's wealthiest residents. Read on for the top 10 Houston City Life stories of 2025.

    1. 2 Houston universities named among world’s best in 2026 rankings. These two high-performing local institutions – Rice University and University of Houston – are in a class of their own, according to the QS World University Rankings 2026. QS (Quacquarelli Symonds) compiles the prestigious list each year; the 2026 edition includes more than 1,500 universities from around the world.

    2. Richard Kinder is Houston's richest billionaire in 2025, Forbes says. The Kinder Morgan chairman is the 11th richest Texas resident right now, and ranks as the 108th richest American. Kinder also dethroned Tilman Fertitta to claim the title as the wealthiest Houstonian.

    3. 2 Houston neighbors shine as top-10 best places to live in the U.S. Pearland and League City, respectively, claimed No. 3 and No. 6 in U.S. News & World Report's annual "Best Places to Live in the U.S." rankings. The 2025-2026 rankings examined 250 U.S. cities based on five livability indexes: Quality of life, value, desirability, job market, and net migration.

    4. 5 Houston suburbs deemed best places to retire in 2026 by U.S. News. The Woodlands and Spring should be on the lookout for an influx of retirees next year, U.S. News predicts. Three more Houston-area neighbors also ranked among the top 25 best places to retire in America.

    5. Activist group calls out Houston highway as a 'freeway without a future'. A May 2025 report from Congress for the New Urbanism (CNU) included Houston's Interstate 45 expansion on its list of highways with infrastructure that is "nearing the end of its functional life." CNU claims further expansion of Houston's highway system could eventually lead to the loss of the city's bayous, while also diminishing the remaining flood-absorbing land.

    6. 10 things to know about America's first Ismaili Center opening in Houston. After nearly 20 years in the making, the long-awaited Ismaili Center, Houston finally opened its doors to the public. The 11-acre site was painstakingly designed and constructed to offer indoor and outdoor public spaces for all Houstonians to enjoy, connect, and engage.

    7. Houston billionaire Tilman Fertitta asking $192 million for superyacht. Fertitta, who owns the Houston Rockets and restaurant and hospitality conglomerate Landry's, decided to sell his 252-foot yacht, named Boardwalk, to make room for an even larger superyacht he is expected to receive in April 2026. Among numerous luxurious amenities, Boardwalk also features a helipad.

    8. 2 Houston neighbors rank among America's safest suburbs in 2025. Spring came in at No. 19 and West University Place followed at No. 21 in SmartAsset's August 2025 study, which is the first time the two Houston suburbs have made it into the top 25.

    9. Houston is one of America's most overpriced cities, study finds. This likely isn't a surprise to some Houstonians. The study, conducted by Highland Cabinetry, said Houston "struggles with heavy pollution and underwhelming income levels."

    10. 9 Houston universities make U.S. News' 2025 list of top grad schools. Among the newcomers this year are Houston Christian University and Texas Southern University. HCU's graduate education school ranks No. 21 in Texas, and TSU has the 10th best law school in the state.

    houstonhot headlinescity liferichard kindertilman fertittasuburbsmost popular stories
    news/city-life
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