U.S. workers’ real wages declined by 0.5 percent over the last year in most manufacturing sectors due to rising energy costs, a new labor report said Monday.
The U.S. economy has been steadily improving since the 2001 recession with a 4 percent annual growth rate during the first half of the year and a record low [...]

Oxiana Limited (OXR) have announced a half year net profit after tax, interest, depreciation and other charges of $263.2 million on operating earnings from ordinary activities of $400.5 million. The company said the record earnings were a result of sound performance from operations and strong prices for the their main metals.
The company predicted that second [...]

As lawmakers on Capitol Hill prepare for negotiations on competing proposals to expand domestic offshore oil and gas drilling, most Democrats running to replace Rep. Ed Case in the U.S. House say they would not support the lower chamber’s version of the bill.
“Clearly, H.R. 4761 is a knee-jerk solution that endangers the environment, namely coastal [...]

DEVELOPMENTAL
Cherokee County
# Marathon Oil will drill the Dixon “A” Well No. 5 in the White Oak Creek (Travis Peak) Field to 12,500 feet, 7.2 miles west of Alto in the Self, I Survey, A-793.
# The Barnes Gas Unit 1 Well No. 4 will be drilled by Southwestern Energy Production in the Overton (Cotton Valley [...]

As Stephen Simpson recently pointed out in Coal Continues to Creak, the markets aren’t exactly stoked about the near-term prospects of companies that harvest the commodity known as “the other black gold.” Despite last week’s rally in coal stocks because of the Energy Information Agency’s prediction of a tightening in the supply/demand equation in 2007, [...]

Wild Brush Energy announces the purchase of an additional Powder River Basin Federal Oil & Gas Lease in the State of Wyoming. The lease is located on the eastern side of the Basin in Weston County. This is the fifth lease the Company now controls in the region.
Wild Brush maintains its expansion strategy through acquisition [...]

Ukraine’s oil businesses have agreed to temporarily cap gasoline prices, the energy minister said Monday, amid a dramatic spike in prices that has alarmed consumers and prompted calls for the government to intervene.Retail prices for both gas and diesel fuel have climbed about 10 percent in the past three weeks in Ukraine, reflecting record high [...]

Clayton Williams Energy, Inc. and GE Energy Financial Services announced today that an affiliated partnership, West Coast Energy Properties, L.P., has acquired certain producing oil and gas assets in California and Texas for $58 million.
Clayton Williams Energy has attributed estimated proved reserves totaling 4.9 million barrels of oil and natural gas liquids and 3.7 Bcf [...]

Granite Energy, Inc. (OTC: GNGI.PK - News; the company), today announced that its board of directors has unanimously approved, and the company has subsequently closed on its acquisition of Irving Technical Drilling, Inc. Irving Technical Drilling (ITC) is a Nevada-based corporation with operations in Texas and Oklahoma. Granite Energy targeted the ITC acquisition as it [...]

PYR Energy Corporation announced that it will attend and host a breakfast table at the 11th Annual Oil & Gas Conference to be held August 14-17, 2006 at the Westin Tabor Center, Denver. Mr. Tucker Franciscus, Vice President of Strategic Development and Jane Richards, CFO will welcome anyone at the conference to attend on Wednesday, [...]