Most Hardin County homeowners could pay less in property taxes this coming year, thanks to increased mineral exploration offsetting the timber value loss due to Hurricane Rita, County Judge Billy Caraway said.
In Sour Lake, for example, property owners could see their tax bill drop by as much as $160 on a $100,000 home. Their counterparts [...]
Bayou City Exploration, Inc. announces that it has purchased 100% of the mineral interest in approximately 427.28 gross/net acres located in the McCampbell Subdivision near the town of Aransas, Texas.
The purchase, made at a competitive auction, is key to Bayou City’s planned development of the McAllen West Prospect, which is estimated to contain potential project [...]
Sinopec, a subsidiary of the China Petroleum and Chemical Company yesterday blazed the trail in the Nigerian solid minerals sector when it emerged winner of the nation’s Bitumen Block2, unarguably the first bitumen deposit to be formally exploited in Nigeria many years after the mineral was discovered in the country. The Chinese mining firm offered [...]
The U.S. dollar fell against other major currencies in European trading Thursday morning. Gold rose.
The euro was quoted at $1.2852, up from $1.2829 late Wednesday in New York.
Other dollar rates:
-117.06 Japanese yen, down from 117.13
-1.2253 Swiss francs, down from 1.2284
-1.1064 Canadian dollars, down from 1.1095
The British pound was quoted at $1.9074, up from $1.9035.
Unicorp Inc. has begun operations in preparation for the drilling of a prospect located in Greene County, Miss.
Drilling is expected to start within the next two weeks, and the well will be drilled to a depth of around 6,800 feet to test the Upper Tuscaloosa formation. Unicorp will be the designated operator of the project [...]
Canadian gold miner Goldcorp Inc. has agreed to buy Reno, Nevada-based rival Glamis Gold Ltd. for about $8.6 billion in stock in a deal that will create one of the world’s largest gold producers.
The new company will have proven and probable reserves of about 41.1 million ounces of gold with focused operations in the Americas [...]
Big Sky Energy Corporation announced that its subsidiary KoZhaN LLP has commenced drilling Well DLT-33 in its Dauletaly Block, located on the north shore of the Caspian Sea in western Kazakhstan.
The well will be drilled to an approximate depth of 800m to test the Upper Jurassic sand formation in the Dauletaly Block. This new structure [...]
Interior Secretary Dirk Kempthorne received his first look Wednesday at BP Alaska’s pipeline corrosion that shut down some North Slope oil production, but said the problems should not prevent new drilling in some environmentally sensitive areas.
Kempthorne, on a three-day visit to Alaska’s oil fields, toured an oil processing facility operated by ConocoPhillips 60 miles west [...]
