Bakken oil drillersadmin
North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels […]
April 17th, 2008 – Posted in Oil and Gas
Linn Energy, LLC announced that it has signed definitive purchase agreements to acquire oil and gas properties in three separate transactions for an aggregate purchase price of $454 million. The first transaction involves the acquisition of a private oil and gas company with operations in the Texas Panhandle (the “Texas acquisition”) for $415 million. The […]
December 15th, 2006 – Posted in General, Oil and Gas
The deposit, in the Republic of Buryatia in Russia, makes up one section of the larger Okino-Klyuchevsky coal field, which has 200 million tonnes of reserves and is about 120 km (75 miles) – MOSCOW, April 16 – Russian electricity producer OGK-3 has won a tender to develop a coal field with reserves of 33.8 […]
April 17th, 2008 – Posted in Coal
Tulsa-based Helmerich & Payne Inc. reported record profits Thursday for its first fiscal quarter, driven by strong demand for its drilling rigs and substantial investment income. The company had net income of $110.79 million, or $1.06 per diluted share, from operating revenue of $386.4 million for the quarter that ended Dec. 31.
That compares with net […]
February 2nd, 2007 – Posted in General, Mining Stocks
After more than a decade prospecting across China, world number-two mining company Rio Tinto Ltd./Plc said it still has not found the mother lode and was starting to look elsewhere. “Rio Tinto has been undertaking mineral exploration in China for more than 11 years,” the company’s exploration director for Asia Tim Moody said.
“Although we have a […]
June 26th, 2006 – Posted in General
Monarch Gulf Exploration, Inc., a Washington Corporation, today announced it has entered into an agreement to participate in the drilling of a test well in the North Colgrade Prospect located in Winn Parish, Louisiana. Monarch will have a 19% working interest in this project. Total drilling costs are estimated in to $374,000.
The principal targets […]
October 24th, 2006 – Posted in General, Oil and Gas
THE Philippine mining industry is poised to get at least $6.5 billion in investments if 24 priority projects finally push through, the head of the industry association said Tuesday.
This amount could go to as high as $10 billion if other projects in the pipeline get done despite recent criticism of the mining industry by activist […]
December 19th, 2006 – Posted in General
A green lobby group is taking legal action against mining giant Xstrata Coal over its plans to extend a central Queensland coal mine. The Queensland Conservation Council (QCC) lodged objections to the expansion of Xstrata-owned Newlands coal mine in the Land and Resources Tribunal in Brisbane on Monday.
An unincorporated joint venture of Xstrata Coal Queensland Pty […]
November 27th, 2006 – Posted in Alternative Energy
Currently, global sulfur production is mainly concentrated in Canada, Russia and the Middle East. The global trade volume of sulfur in 2006 reached 27.7 million tons and meanwhile, China imported 8.81 million tons, accounting for 31.8% of the world’s total. According to the statistics, China consumed about 10 million tons of sulfur in 2006, while […]
June 9th, 2008 – Posted in General, Press Release
Fortuna Silver Mines Inc., Mr. Jorge Ganoza Durant, President of the Company, is pleased to provide an update on activities at the Company’s 100% owned Caylloma Silver Mine in Peru.
Management is pleased to announce that mining has now started at Caylloma. Production of ore is underway from four stopes on the Animas vein, and ore […]
September 13th, 2006 – Posted in General, Precious metal