December 2011
28th December 2011
Southwestern Energy Company and The Fayeteville Shale
Southwestern Energy Company discovered the economic viability of the Fayetteville Shale and was the first company to drill and successfully produce its natural gas.
At December 31, 2010, Southwestern held leases for approximately 915,884 net acres in the Fayetteville Shale play area (367,206 net undeveloped acres, 423,692 net developed acres held by Fayetteville Shale production, 123,442 net developed acres held by conventional production and an additional 1,544 net undeveloped acres in the traditional Fairway). Read more »
2nd December 2011
Company Doles out Mineral Mining Rights
Exploration of mineral deposits in Afghanistan could begin as early as 2015 after Afghan mining ministry officials said new development rights were awarded.
A consortium of Indian companies led by state-owned Steel Authority of India landed a $10.3 billion deal for three mining sites in central Afghanistan, the BBC reports.
U.S. defense officials estimated in 2010 that there could be as much as $1 trillion worth of iron, copper, cobalt, gold and lithium in Afghanistan. Read more »
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