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Superior Oil and Gas Co. Completing an Oil and Gas Producer
Superior Oil and Gas Co. is nearing the completion of its Windy Vista No. 1 Well in Garfield County, Oklahoma. Dan Lloyd, President and CEO of Superior Oil and Gas stated, “Western Energy is in the process of connecting the gas meter and gas collecting line to the well.” Mr. Lloyd further stated, “In addition [...]
Read moreNatural Gas Exploration in Central Lake and Forest Home Antrim Shale Project
Atlas Energy Resources, announced today that the Company has purchased an additional 5.2 Bcfe of proved natural gas reserves for $10.7 million in the Central Lake and Forest Home Antrim Shale projects in which it already operates in northern Michigan. The assets consist of direct working interests in 53 wells in Antrim County and are [...]
Read moreBillionaire Iorich’s Pala plans investment in gold miners
Pala Investments Holdings Ltd., a $900 million (€694.7 million) investment fund started by Russian billionaire Vladimir Iorich, is studying further investment in mining companies, particularly gold producers.
Gold miners are „near the top of the list” of resource companies the fund wants to invest in, Joseph Belan, managing director at Swiss-based Pala Investments AG, which advises [...]
Energy Bill Offers Weak Emissions Caps, Off-Shore Drilling
While promoting energy security, senators introduced a corporate-backed bill last week that would allow for off-shore oil drilling.
Sponsors of the Security and Fuel Efficiency (SAFE) Energy Act of 2007, Senators Byron Dorgan (D–North Dakota) and Larry Craig (R–Idaho), say the bill will improve the United States’s energy security by cutting oil dependence in half by [...]
Oil slips toward $58
Oil prices fell 1% today, shrugging off fresh signs that the Organisation of the Petroleum Exporting Countries (Opec) favours a second output cut next month to focus on high US stockpiles and continued warm winter weather in the key Northeast.
Despite the drop, prices for prompt January crude stood more than $2 higher than the prior [...]
