Beacon Redevelopment Industrial Corporation Reviews Initial Consultation Regarding its Natural Gas Rights and Reserves

Beacon Redevelopment Industrial Corporation has reviewed a summary of its initial consultation regarding its natural gas rights of its Westmoreland property. Beacon, along with its geological consultants, are continuing the evaluation of the company’s resources at that location. The initial review revealed that it appears there may be a more feasible way to install modern gas well operations... 

Tag: pci coal upper freeport, dominion resources tuscaloosa al, beacon redevelopment industr

Beacon Redevelopment Industrial Corporation Enters Negotiations with Dominion Resources

Beacon Redevelopment Industrial Corporation announced that it entered into negotiations with Dominion Resources, Inc. pertaining to their use, since 1986, of the Westmoreland Glass Factory as a natural gas storage facility and gas well. In 1954, the former owners of the glass factory in Grapeville, Pennsylvania, signed agreements allowing the predecessor of Dominion Resources to use the property as... 

Drilling Update on Sarissa’s Nemegosenda Carbonatite Property

Sarissa Resources, Inc., announce that a contract has been arranged for an initial fall diamond drill program on its Lake Nemegosenda Carbonatite property. The property comprises approximately 4800 acres (1800 patented, and 3000 contiguous acres staked in 2008) in Northern Ontario. The property is easily accessible off of Highway 101 between Timmins and Chapleau, Ontario. Extensive exploration and... 

Uranium One to Place Dominion Operations on Care and Maintenance

Uranium One Inc. announced that its board of directors has decided to place the Dominion Uranium Project on care and maintenance. The decision to place Dominion on care and maintenance reflects the significant deterioration in the Project’s economics associated with the continuing decline in uranium prices over the last year and significant inflation-related increases in Project costs, together... 

Dominion, Antero Resources Amend Marcellus Shale Rights Agreement to 114,000 Acres

Dominion announced that it is amending its agreement with Antero Resources, and will assign drilling rights to 114,259 acres in the Marcellus Shale prospect to Antero for about $347 million, or about $3,037 per acre, a higher value per acre than the prior agreement. Dominion expects to close the amended agreement on September 30. The amount assigned is reduced from $552 million for 205,000 acres because... 

Tag: dominion gas anterro, antero production, dominion energy marcellus, marcellus acreage, dominion marcellus acreage sale

Coalcorp Announces Management Changes and New Board Members

Coalcorp Mining Inc. announced changes to its management structure, as well as additions to its board of directors. Effective September 1, 2008, Mr. Luis Urdaneta has been appointed as the Chief Executive Officer of the company. Mr. Urdaneta is a graduate of Zulia University (Venezuela) and Penn State University (USA) and has degrees in petroleum engineering and computer science. After holding increasingly... 

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Eni acquires US oil production assets for 4.8 bln euros

Italian energy group Eni said Monday it had acquired the oil production operations in the Gulf of Mexico of the US firm Dominion Resources for 4.757 billion euros (6.5 billion dollars). The assets acquired by Eni include production, development and exploration structures. Eni said that with the acquisition its oilfield output should come to an average of 75,000 oil-equivalent barrels per day between... 

UrAsia Energy Shareholders Vote 99.89% in Favour of Acquisition by Uranium One

Uranium One Inc. (“Uranium One”) is pleased to announce that the plan of arrangement under which Uranium One will acquire all of the outstanding common shares of UrAsia Energy (“UrAsia”) was overwhelmingly approved at a meeting of UrAsia shareholders held today in Vancouver, British Columbia. At the meeting, approximately 99.89% of the votes cast were voted in favour of the... 

Board, residents discuss drilling plan

ASHVILLE — More than 250 people showed up for a special hearing held by the state Oil and Gas Board on Friday to discuss the development of a big new energy field in St. Clair County. The crowd packed into the Old Courthouse in Ashville heard plans proposed by natural gas field operator Dominion Resources to expand drilling in the Big Canoe Creek Field, 45 miles northeast of Birmingham, The Birmingham... 

Tag: gas drilling permits in st clair county alabama

Alabama gas find could rival Barnett Shale

Energy companies are scrambling for drilling rights in north-central Alabama, where geologists have discovered a natural gas formation with the potential to rival any in the country. Drillers have bought gas rights on 500,000 acres in and around St. Clair County during the past two years, paying up to $500 an acre plus a share of potential revenues. They now want state permission to begin widespread... 

Tag: tuscaloosa shale, georgia gas shale, coal and gas in st clair al, energen drilling tuscaloosa al, etowah alabama shale natural gas