The Arizona Oil & Gas Conservation Commission approved permits for 20 exploratory core holes for American West Potash in the Holbrook basin potash deposit. The permits are required because the core holes penetrate geologic zones that have the potential to hold oil or gas. [Right, AWP lands in purple checkerboard. Petrified Forest National Park federal lands in yellow.]
The permits were filed prior to yesterday's stunning news about the apparent collapse of the two international potash cartels. The industry is still analyzing the implications.