The Marcellus Shale Coalition Issues Statement Regarding Support for Responsible Natural Gas Development in Pennsylvania
The Marcellus Shale Coalition (MSC) today underscored its commitment to economic development, environmental protection, and best management practices in the responsible development of Pennsylvania’s vast natural gas resources. “There are a lot of groups and organizations interested in learning more about the Marcellus Shale — beyond the vast economic opportunities, to include an understanding...
Cabot Oil & Gas Responds to Pennsylvania Department of Environmental Protection Order
Cabot Oil & Gas Corporation reported on its remediation of three frac fluid releases at its Heitsman 4H Well location in Dimock Township, Susquehanna County, Pennsylvania. As reported to the Pennsylvania Department of Environmental Protection (PADEP), on September 16, 2009 during fracing operations being performed by Cabot contractors, Baker Corporation and Halliburton, there were two releases...
Tonogold Resources Announces Acquisition of Goldstrike, Utah Gold Project
Tonogold Resources, Inc. has leased 120 unpatented mining claims (2,400 acres) covering key portions of the Goldstrike District in Washington County, Southwest Utah. Goldstrike is an advanced gold exploration project. The Goldstrike property consists of two mining leases covering areas of shallow historic open pits, separate unmined areas with thick gold drill intercepts, and untested structural and...
AB Resources Gears Up to Aggressively Exploit the Marcellus Shale
AB Resources LLC has taken steps to enhance the technical expertise required to explore and develop the Company’s extensive acreage position in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources is poised to become a leading operator in Marcellus...
NEC Secures USD 10 Million Loan
Norse Energy Corp. ASA announce the closing of a USD 10 million loan from clients of Sector Asset Management, which is also the company’s largest shareholder. Maturity is 31.12.2009 and the loan carries an annual interest of 10 percent. The purpose of the loan is to bridge-finance the continued positive development of the US operations and to improve financial flexibility. Norse Energy Corp. ASA...
AB Resources Enhances Its Marcellus Shale Production Team
AB Resources LLC, a rapidly growing oil and gas exploration and development company, has moved to enhance the Company’s ability to produce and transport natural gas from its current and future wells in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources...
National Fuel Update Drilling Operations on New Pennsylvania State Leases
Seneca Resources, a wholly owned subsidiary of National Fuel Gas Company announced that it has completed drilling and coring a vertical Marcellus Shale well on Pennsylvania’s Department of Conservation and Natural Resources (“DCNR”) Tract 595 in Tioga County, Pennsylvania. Seneca acquired tract 595 at the DCNR lease sale in September 2008. At that same sale, Seneca also acquired Tract 100 in...
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 reach a target depth of 16,000 feet in approximately 45-60 days of drilling. The primary objective is the Ellenberger Formation, a gas bearing zone between 14,500 and 16,000 feet identified by Providence...
Green Star Energies Secures Bond and Has Scheduled Oil Production
Green Star Energies Inc. announces that they have executed an agreement amending their original agreement with Bialy Gas Production LLC (BGP) in order to hasten production returns. The new Joint Venture agreement with Purchase Option will allow Green Star to operate through BGP and it will not require the change of the secured bond thus leaving nothing in the way to start oil production with the initial...
Capital City Energy Group To Make Strategic Acquisition of Oilfield Service Company
Capital City Energy Group Inc. continues to expand in the domestic energy space with its strategic acquisition of Hotwell Services Inc., an emerging oilfield service company operating in the Appalachian Basin. The addition of Hotwell Services, Inc. to the Capital City Energy Group portfolio of operating subsidiaries will significantly contribute to the Company’s value proposition for clients, shareholders...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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