Saxon Oil announces plans to drill Eumont No. 2 well in New Mexico

Saxon Oil Company Ltd. announced plans to drill the first offset to the Eumont State No. 1, which has now exceeded 50,000 barrels of cumulative oil sales since completion in May 2008. Eumont State No. 1 continues to flow 140 barrels of oil per day and is the discovery well for the Urssey Tank Seven Rivers field. Saxon has approved the drilling of the Eumont State No. 2 well, a southeast offset well... 

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Saxon Oil Announces Completion of Acquisition of Picogina Holdings B.V.

Saxon Oil Company Ltd report that it has closed the acquisition of Picogina Holdings BV from Energy Ltd. pursuant to the Acquisition Agreement among Energy, Saxon and Saxon Oil Company dated October 21, 2008. The assets of Picogina consist of 100% of the participations of Hidrocarburos del Cantabrico S.L. , a private company incorporated under the laws of Spain, which holds a 100% interest in five... 

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Saxon Oil Receives New Field Designation in New Mexico

Saxon Oil Company Ltd. has received a new field designation from New Mexico regulatory authorities for its Eumont State No. 1 oil discovery in Lea County, New Mexico. New Mexico designated the Eumont well as the discovery well in the Urssey Tank: Yates-Seven Rivers Pool. Special pool rules are in effect from the date of first production in May 2008, which set allowable production at 350 barrels of... 

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American Titanium Works Selects Laurens County for First Titanium Mini-Mill Facility in North America and Greenville County/CU-ICAR for a R&D Tech Center

Gov. Mark Sanford and Thomas Sax, CEO of American Titanium Works (ATW), announced that ATW will build a world-class titanium mini-mill facility in Laurens County, South Carolina. American Titanium Works LLC, headquartered in Chicago, Illinois, will invest an estimated $422 million and plans to employ 320 people at its new facility in Laurens County. Under one roof, uniquely efficient manufacturing... 

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Freeport-McMoRan Copper & Gold Inc. Announces Molybdenum Production Curtailment and Plans to Defer Restart of Climax Molybdenum Mine

Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine. Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the nine months ended September 30, 2008. Slowing demand... 

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Hawthorne Commences Drilling at Cassiar Gold Camp

Hawthorne Gold Corp. announce a 1,700 meter diamond drilling contract on the Table Mountain gold property located within the Cassiar Gold Camp in northern British Columbia, Canada. Hawthorne has contracted DJ Drilling Company Ltd. of Aldergrove, BC and Watson Lake, Yukon, for an initial surface diamond drill program to test priority targets located on the Table Mountain gold property. The drill program... 

Six Colorado oil and gas commissioners get preliminary confirmation

Six nominees to the Colorado Oil and Gas Conservation Commission, including a Garfield County representative, were confirmed by a Senate committee on Tuesday, despite protests from Republicans that they weren’t given enough information on their views. The six were nominated by Gov. Bill Ritter after lawmakers expanded and revamped the commission to make it more responsive to environmental, safety... 

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Congress wants U.S. coal industry destroyed: exec

A senior coal company executive on Wednesday lambasted U.S. lawmakers for proposing caps on emissions blamed for global warming, saying the Democrats were out to destroy America’s coal industry. Robert Murray, chairman, president and chief executive of Murray Energy Corp., also blasted the federal government’s mine safety agency for “outrageous” new fines that he warned could... 

Richardson says energy plan would focus on rural America

Democratic presidential candidate Bill Richardson is laying a plan for a dramatic shift in the way the US uses energy. The New Mexico governor is proposing to all but end the country’s reliance on oil and reduce greenhouse gas emissions by 80% by 2040. In a speech in Washington today, Richardson called for a “new American revolution – an energy and climate revolution.” His plan... 

Rally urges mine safety

FRANKFORT – A top labor leader accused a House committee chairman yesterday of delaying action on a coal-mine safety bill because of his ties to the industry. State AFL-CIO President Bill Londrigan told reporters after a rally in the Capitol Rotunda for a coal-mine safety bill that House Natural Resources and Environment Committee Chairman Jim Gooch has received about $25,000 in campaign contributions...