Royal Energy Resources, Inc. announce that the Company now owns a 3% overriding royalty interest in Niobara County, Wyoming. The overriding royalty interest encompasses over 80 mineral acres, and the oil and gas production will be developed by Black Diamond Minerals, LLC, a Denver Colorado based company.
“The field in Niobara County, Wyoming marks our fourth [...]

Below is a statement issued by T. Boone Pickens following his meeting this morning with U.S. Senator Barack Obama (D-IL):
“I enjoyed the opportunity to meet Senator Obama and discuss an issue that is America’s top priority, which is ending our dependence on foreign oil that today is approaching 70 percent of our imports and is [...]

Arctic Oil & Gas Corp., a petroleum exploration company, announce that The Company is a co-applicant for a group of offshore OCS and State leases in the Santa Barbara Channel covering known oil-gas deposits estimated to contain between 250 million to 500 million barrels of oil and gas equivalent. These resources have minimal geological risks [...]

ROYAL ENERGY RESOURCES, Inc. is pleased to announce that the Company now owns a 3% overriding royalty interest in Platte & Goshen County, Wyoming. The overriding royalty interest encompasses over 360 mineral acres, and the oil and gas production will be developed by Carpenter & Sons, a Casper, Wyoming based company.
“The field in Platte & [...]

ROYAL ENERGY RESOURCES, Inc. is pleased to announce that the Company now owns a 3% overriding royalty interest in Platte & Goshen County, Wyoming. The overriding royalty interest encompasses over 360 mineral acres, and the oil and gas production will be developed by Carpenter & Sons, a Casper, Wyoming based company.
“The field in Platte & [...]

Avalon Oil & Gas, Inc., has reported its financial results for the fiscal year ending March 31, 2008. In the Form 10-KSB the Company has filed with the SEC, Avalon demonstrates the continuing success of its business plan with a five-fold increase in revenues over the prior year. Total revenues for the twelve months ending [...]

The U.S. Senate Tuesday rejected an attempt to expand offshore oil and gas drilling to allow the states to generate revenue.
The Republican-backed proposal would have allowed states to drill off their coasts and share revenues with the federal government, the (Newport News, Va.) Daily Press reported.
The amendment would have amended a federal ban prohibiting offshore [...]

A new survey from Public Agenda and the publication Foreign Affairs finds U.S. dependence on foreign oil a top national security concern for Americans.
The sixth edition of the Confidence in Foreign Policy Index, which tracks attitudes on over 110 items related to foreign policy, shows about 60 percent of Americans think reducing energy dependence would [...]

A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.
Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska.
The recently released assessment shows [...]

Venezuela began taking a bigger cut of foreign oil companies’ windfall profits, as a higher tax on those earnings went into effect.
Under a law approved Tuesday by the National Assembly, President Hugo Chavez’s government is charging a 50 percent tax on additional earnings when crude prices pass $70 per-barrel and 60 percent on additional earnings [...]