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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

…  No. 1-15H discovery well was drilled to a true vertical depth of 13,177 feet and horizontally for 4,090 feet, for a total measured well …  including the setting and removal of isolation devices — saving time and expense. Based on the success of the Cana well completion, …

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 …  in Richland Parish, Louisiana. This well was drilled to a depth sufficient to test the expanded Bossier formation, but the targeted reservoir rock was not present in this …

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

…  Inc. has filed a patent for rapid modification of crude oil. It is proven that cavitation in fluids provide superior mixing and may …  will increase profitability by cutting refining costs, saving energy, and increasing efficiencies,” said Roman Gordon Chairman and CEO …

January 7th, 2009

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

…  Energy Corporation announced it closed the sale of its 50% working interest in eight producing oil and gas wells to Robert …  Producer LLC (”Bayless”), for $2.3 million, effective December 1, 2008. The eight wells are located in Garfield County, Colorado, and …

January 7th, 2009

Providence Drills Well on Its Val Verde Prospect

Providence Drills Well on Its Val Verde Prospect

Providence Resources, Inc., announced that it has commenced drilling the Carson 10-1 exploration well on its leases in Val Verde County, TX. The vertical well was spud on January 2, 2009 and is expected to …  targets in the Strawn and Pennsylvanian Wolfcamp/Canyon Sands. The Carson 10-1 well is part of a 2 well exploration drilling program …

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 products in the People’s Republic of China, today …

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

…  Agreement to combine their businesses to create a well-funded, low-cost, growth-oriented, uranium exploration and development company …  of Target and Crosshair have approved the terms of the transaction which remains subject to regulatory approval for both companies, …

January 7th, 2009

Revett Receives Approval of Rock Creek Environmental Assessment

Revett Receives Approval of Rock Creek Environmental Assessment

…  to announce it has received notice from the Montana Department of Environmental Quality (MDEQ) that the draft Environmental …  design modifications of the Rock Creek Project, located in Sanders County Montana, has been approved as final with several stipulations. …

January 7th, 2009

Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

…  Inc. announced that Horizon Tangiers Terminal S.A. (HTTSA), a special purpose consortium, has named Aegean as the exclusive bunkering …  important part of the consortium’s effort to expand the modern port in this growing region. Currently, the port serves approximately …

January 7th, 2009

SemGroup Clarifies Restructuring Process

SemGroup Clarifies Restructuring Process

…  certain subsidiaries voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The company’s management committee and its officers are committed to …  the company will consider all restructuring proposals, including any plan that may be forthcoming from a group led by John …

January 7th, 2009