Drill, Baby, Drill: It’s Boom Time for Mineral and Petroleum Explorers

Drill, baby, drill: It’s boom time for mineral and petroleum explorers

Pre-revenue exploration companies are holding a record $12 billion of cash as investors chase returns through the discovery of new mineral, oil and gas deposits.

Roundup: Drill, baby, drill / Carbon fight complications / Jerry Seinfeld

Discounting the drill: Louisiana is launching a new royalty relief program to encourage oil and gas production by temporarily reducing what companies pay to extract resources on state lands. The incentives apply to new drilling, restarted wells and upgrades, and are aimed at attracting investment, boosting output and reinforcing the state’s position as a competitive energy producer. The program lays out a process for amending existing state leas…