CAPELLA RESOURCES LTD. announce assay results from the 2008 sampling program on its Labrador Base Metals Initiative. The company is actively exploring for nickel, copper, cobalt and other metals in central Labrador. Labrador is largely underexplored and hosts several new nickel and base metal discoveries, including Voisey’s Bay nickel-copper-cobalt deposit.
The Property was flown by a [...]

MDU Resources Group, Inc. announced that its acquisition of Intermountain Gas Company, a wholly-owned subsidiary of privately held Intermountain Industries, Inc., has been finalized. The enterprise value of the transaction, including indebtedness, is approximately $328 million.
Intermountain Gas, headquartered in Boise, Idaho, serves more than 300,000 customers in 74 communities in Idaho, including the Boise metropolitan [...]

PATTERSON-UTI ENERGY, INC. reported that for the month of August 2008, the Company had an average of 278 drilling rigs operating, including 265 rigs in the U.S. and 13 rigs in Canada. For the two months ended August 2008, the Company had an average of 273 drilling rigs operating, including 261 rigs in the U.S. [...]

POWERTECH URANIUM CORP. announce that activities associated with its mine permit application for the Centennial Project, in Weld County, Colorado, are advancing on schedule.
A new ‘Notice of Intent’ (NOI) for ten additional drill holes was submitted to the Colorado Division of Reclamation, Mining and Safety (CDRMS). Four holes will be drilled as core holes [...]

POWERTECH URANIUM CORP. announce that activities associated with its mine permit application for the Dewey-Burdock Project, in Fall River and Custer counties, South Dakota, are advancing on schedule.
A new uranium exploration permit application for 30 additional drill holes was submitted to the South Dakota Department of Environment and Natural Resources (SD DENR). The purpose of [...]

POWERTECH URANIUM CORP. is pleased to announce that at the Company’s Annual General Meeting of the shareholders (the “Meeting”) held on July 15, 2008, the Company’s shareholders approved the re-election of its current directors, being Richard F. Clement, Jr., Wallace M. Mays, Thomas A. Doyle, Douglas E. Eacrett, Greg C. Burnett and Malcolm F. Clay, [...]

Northwest Pipe Company reported record sales, earnings and backlog for the second quarter of 2008. Sales in the second quarter ended June 30, 2008 were $112.1 million compared to $101.9 million in the same quarter of 2007. Net income in the quarter was $8.4 million, compared to $5.7 million in the second quarter of 2007. [...]

An oil tax increase this summer is unlikely to slow drilling in western North Dakota’s promising Bakken oil shale, which is leading the state toward an oil production record, industry officials say.
Prices that have soared above $120 a barrel will make the tax increase easier to tolerate, said Jeff Herman, of [...]

The U.S. Geological Survey has released an assessment of the Bakken Formation, which stretches across 25,000 square miles from northeastern Montana across northwestern North Dakota and up into the southern region of Saskatchewan.
The last USGS study, completed in 1995, estimated the Bakken Formation had 150 million barrels of undiscovered technically recoverable oil. Thirteen years later, [...]

The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is suddenly drawing worldwide attention.
On Thursday, April 10, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve.
Among the agency’s findings:
* Up to 4.3 billion barrels of oil could be recovered from the Bakken shale formation — a [...]