Empire Energy Corporation International announced that, along with its wholly owned subsidiary Great South Land Minerals Ltd. (GSLM), it has signed both a Note for AUD $5 million and a Memorandum of Understanding governing formation of a Joint Venture that could cancel the Note and supply up to AUD $40 million of additional funding.
The Note [...]
Energy industry executive Paul Prager and Natural Gas Partners (”NGP”), the leading investment franchise in the energy industry, today announced that they have entered into an agreement to acquire the domestic independent power production and power development business units of MDU Resources Group, Inc. in a transaction valued at $636 million. The business being [...]
A clean coal project that would be the first of its type in the world might be constructed on the north side of the 49th parallel.
Sask Power of Regina, Saskatchewan, is talking about a $1.5 billion plant north of Estevan in the same province.
“It would not even need a smoke stack,†said project spokesman Larry [...]
Davis Polk & Wardwell and Debevoise & Plimpton have bagged the lead roles on the latest major deal in the busy mining sector, as the US M&A market continues to motor.
The Wall Street leaders are advising on the $25.9bn (£13.7bn) bid by US-listed mining giant Freeport-McMoRan Copper & Gold (FCX) for rival group Phelps Dodge
Davis [...]
DEVELOPMENTAL
Panola County
# In a lease 11.1 miles west of Carthage, in a wildcat field, the R.D. Browning GU Well No. 6 will be drilled by AC Exploration. The well will be drilled to 10,200 feet in the Morgan, E Survey, A-469. The well may also be drilled in the Beckville (Travis Peak) Field, the J.G.S. [...]
Panola County
# The Reed Estate Gas Unit Well No. 6 will be drilled by Chesapeake Operating in the Carthage (Cotton Valley) Field 1.4 miles northwest of Clayton in the MA Romero Survey, A-1. The well will bottom at 12,000 feet and may also be drilled in a wildcat field.
# Enduring Resources will drill the Allison-Cassity [...]
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 [...]
