Rex Energy Corporation Completes Sale, Nets $17.3 Million

Rex Energy Corporation announced that it has closed on the sale of its Southwestern Region assets for net cash proceeds of approximately $17.3 million, subject to any final closing adjustments. The sale to Adventure Exploration Partners, LLC of Midland, Texas consisted of properties in Texas and New Mexico, predominately located in the Permian Basin. The sale of these non-core assets was part of Rex... 

KAL Thermal Coal Resource Increased to 248 Million Tonnes

KAL Energy, Inc., a thermal coal explorer and developer, announced the publication of an updated JORC Compliant Resource Statement on its Graha Panca Karsa concession (Block 24) in East Kalimantan, Indonesia. William Bloking, Executive Chairman and President of KAL Energy, Inc. said, “We are delighted to report not only a significant increase in the overall size of the Graha resource, but also... 

Repsol Now Applying Advanced Seismic Imaging Technology to Energy Exploration in Gulf of Mexico and Brazil

Repsol YPF, an international integrated oil and gas company operating in over 30 countries, today announced that the company’s advanced seismic imaging project — Kaleidoscope — has begun exploration operations in the Gulf of Mexico and Brazil. Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil industry,... 

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KAL Energy Enters Into Amended Royalty Agreement

KAL Energy, Inc., a thermal coal explorer and developer, today announced that it has successfully amended the terms of its royalty agreement with Concord International. Under the terms of the new agreement, the Company will pay royalties as follows: 1. For all coal sales under $40 per metric ton the royalty is reduced from $0.40 per metric ton, indexed annually with inflation, to $0.20 per metric... 

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Homeland Energy Holds Official Ceremonies for Kendal Mine Opening, South Africa

Homeland Energy Group Ltd., in conjunction with Homeland Energy & Mining, SA, held grand opening ceremonies for the Kendal Colliery yesterday at the Kendal site, approximately 90km east of Johannesburg earlier this week. Following a tour of the mine and plant sites, as well as the new housing community Homeland has built for local residents, Deputy Minister of Minerals & Energy, Ms. Futhi... 

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KAL Energy Inc. Opens Office in Jakarta and Completes Restructuring

KAL Energy, Inc., a thermal coal exploration and development company, announced the opening of its Jakarta office and the completion of its extensive company restructuring. William Bloking, executive chairman and president of KAL Energy, Inc. said, “I am pleased to report that, in line with last quarter’s announcement, the move to Jakarta was completed on time and on budget. We believe... 

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3 W.Va. sites receive coal mining reclamation awards

Eight coal mine operations in five states, including three from West Virginia, gained top honors in the annual competition overseen by the U.S. Office of Surface Mining Reclamation and Enforcement. “These awards recognize the highest achievements in innovative techniques, reforestation, preparing mined land for long-term agricultural use and building enduring community infrastructure,” said Brent... 

White Energy’s Successful Production of Upgraded Coal at Cessnock Plant

White Energy Company Limited confirmed that it has successfully produced upgraded coal at its binderless coal briquetting plant at Cessnock, New South Wales. Having completed construction eight weeks ago, key elements of the commissioning phase are now finalised with all relevant certifications for running the Plant being received at the end of last week. At the beginning of this week, the drying furnace... 

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SouthGobi Energy Resources Announces Major Increases in Coal Resources at its Ovoot Tolgoi Coal Mine in Southern Mongolia

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, are pleased to announce today that an independent estimate compliant with National Instrument 43-101 has sharply increased resources at the company’s Ovoot Tolgoi coal project in Mongolia. The new report shows that Ovoot Tolgoi’s West Field now contains Measured... 

Feds approve reopening of oil-shale mine

The federal government gave its approval Monday for the reopening of an oil-shale mine in Utah, one of the experimental works intended to boost domestic oil production on Western lands. A top-ranking Interior Department official signed off on the project, and officials said an Alabama-based partnership, Oil Shale Exploration Co., would be offered a lease to work the federal land within days. The approval...