Allied Resources, Inc., an independent oil and gas producer, posted record financial results for the first half of 2008 due primarily to an increase in oil revenues.
Oil and gas revenues for the first six months of 2008 increased 78% to $693,152 from $390,292 for the comparative period in 2007. Income, before provision for income taxes, [...]

A U.S. based independent oil and gas company, Lucas Energy, Inc, Told the press about an update on Bonanza Oil and Gas, Inc.’s Apclark Project, in which Lucas is a minority shareholder, located in Borden County. Bonanza Oil and Gas, Inc., an independent oil and gas company, reported that its Everett #7 well, the second [...]

It is reported that as the trend continues its efforts to strengthen its operations and management team in such a hard way, freight railroad operator CSX Corp. said Tuesday its second-quarter earnings rose 19 percent on strong demand for coal, grain and metals. Besides, the company emphasizes its Full-year earnings prediction with a target of [...]

The federal Mine Safety and Health Administration’s report on last year’s fatal explosion at the Kentucky Darby Mine No. 1 will not be the final word on the accident.
The report, issued Thursday night, said the operator ignored vital safety standards and procedures. Five miners died in the May 20 blast.
On Capitol Hill, the promised oversight [...]

W&O Supply Inc. has contracted with an offshore drilling company and a petroleum ocean tanker company to be their primary provider of marine valves and related products.
The deals involve Transocean Offshore Inc.’s offshore drilling rigs and Teekay Shipping Corp.’s fleet.
Transocean builds oil and natural gas wells in deep water and harsh environments, with 28 rigs [...]

JACKSON - The Jackson Hole Chamber of Commerce says it opposes oil and gas development in the Bridger-Teton National Forest.
The chamber on Wednesday wrote to forest Supervisor Kniffy Hamilton stating that energy development on forest lands would hurt recreation and the regional economy.
More than half of the 3.4 million acre forest is open to [...]

Opponents of the Opp Mine painted a picture of environmental pollution, property destruction and community demise for Jackson County commissioners on Wednesday.
More than 75 people attended the three-hour public hearing. Dozens testified against a requested zoning change that would allow the property owners to initiate a large strip-mining operation near a residential neighborhood about a [...]

The fate of the Opp Mine in Jacksonville will be debated at a public hearing before Jackson County commissioners Wednesday.
Owner Frank Hardin and partner Medford attorney Bob Robertson are seeking a zone change from woodland resource to aggregate resource. The change would allow them to restart operations at the old mine and pull between 1.4 [...]

Masquerading as activists battling coal plants, Big Gas is squaring off against Big Coal in a polished campaign run by a Hollywood ad agency.
Natural gas companies, calling themselves the Texas Clean Sky Coalition, have been fighting coal plant proposals with full-page advertisements in the state’s major daily newspapers.
Utilities have proposed at least 17 new coal-fired [...]

Dirty, gritty faces stared out from the ads in Texas major newspapers for the past two days declaring that “Coal is Filthy” and urging people to oppose TXU Corp.’s proposal to build 11 coal-fired electric plants.
The ads looked like they were placed by two well-known environmental groups to promote an anti-coal plant rally this weekend.
But [...]