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Random News from Mining Top News

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

…  interest in the Cana No. 1-15H well. Other interest owners include Questar Corporation and Cimarex Energy. “Marathon is encouraged by …  to better define our targets and applying advanced drilling technology to reduce drilling days and well costs thereby improving …

January 7th, 2009

Clayton Williams Energy Provides Operations Update on Bossier Drilling

Clayton Williams Energy Provides Operations Update on Bossier Drilling

…  Williams Energy, Inc. provided an update on the drilling status of two Bossier wells. The Company reported that it is …  #2 well which has produced 34.6 Bcf of natural gas since first production in 2001. The well has been drilled to a total vertical …

January 7th, 2009

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

…  Technologies, Inc. has filed a patent for rapid modification of crude oil. It is proven that …  concept to oil refining industry the company was able to increase the efficiency of refining crude petroleum to gasoline, kerosene, …  to become part of it. We are certain that our systems will increase profitability by cutting refining costs, saving energy, and increasing …

January 7th, 2009

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

…  Colorado, and are operated by EnCana Oil & Gas (USA), Inc. PetroHunter stated that the sale of these non-operated properties is …  and related interests in oil and natural gas properties, including approximately 20,000 net mineral acres in Colorado and an undivided …

January 7th, 2009

Providence Drills Well on Its Val Verde Prospect

Providence Drills Well on Its Val Verde Prospect

…  Resources, Inc., announced that it has commenced drilling the Carson 10-1 exploration well on its leases in Val Verde County, …  well is under the supervision of R.K. Ford & Associates, Inc. (www.rkford.com), a Midland, Texas based drilling and completion company. …

January 7th, 2009

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

…  Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical …  being purchased. The assets have been non-operative since January 2008. Following the successful closing of the acquisition, the …  in April 2009. Consideration for the asset purchase includes $10.0 million in cash, of which $2.0 million has been delivered as a …

January 7th, 2009

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

…  (the “Arrangement”). Full details of the offer will be included in the formal Arrangement Agreement and Management Information …  laws and is subject to certain customary conditions, including receipt of all necessary court and shareholder approvals. It is …

January 7th, 2009

Revett Receives Approval of Rock Creek Environmental Assessment

Revett Receives Approval of Rock Creek Environmental Assessment

…  Minerals Inc. 67% held subsidiary, Revett Silver Company, and its wholly owned subsidiary RC Resources Inc. is pleased to announce it has received notice from the Montana Department …  Troy Mine, located 15 miles southwest of Troy in Lincoln County, is also an underground copper-silver mine and employs 180 …

January 7th, 2009

Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

…  Marine Petroleum Network Inc. announced that Horizon Tangiers Terminal S.A. (HTTSA), a special purpose …  an important part of the consortium’s effort to expand the modern port in this growing region. Currently, the port serves approximately 7,000 vessels on an annual basis and is expected to increase to more than 10,000 vessels annually in 2010. Aegean will provide …

January 7th, 2009

SemGroup Clarifies Restructuring Process

SemGroup Clarifies Restructuring Process

…  the company will consider all restructuring proposals, including any plan that may be forthcoming from a group led by John …

January 7th, 2009