Nevada-focused U.S. Oil & Gas announced to investors today that Nevada Bureau of Land Management has agreed to approve a permit allowing for the drilling of its first exploration well, Eblana #1, located on the firm's Hot Creek Valley property. Major Oil International, a wholly owned subsidiary of U.S. Oil & Gas, was awarded with the Application for the Permit to Drill (APD). The company plans to immediately begin preparing the drill site and will give an official spud date for the well in due course.
As a part of the BP settlement from the massive Gulf oil spill, a new system and fund is being set up for monitoring all concerns and compensating people for illnesses found to have a relationship to the disaster later on. Although there have not been any studies indicating significant evidence of spill related illnesses, experts agree there remains a question later down the road for victims exposed to the spill contents.
Unfortunately, it is not uncommon for pipeline explosions to occur after a resident has reported the smell of gas to the utility company and the company fails to properly respond. That is precisely what happened at a house in Austin, Texas earlier this year in January. In late November, the resident called the gas company, complaining of a gas smell. The company came to investigate, but said it could not make any repairs without a permit from the city. Six weeks later, the man's house exploded, killing him.