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Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of
Intrepid Potash (NYSE:IPI), supplier of minerals like potash, salt, and fluids to the agriculture, animal feed, and oil and gas industries, shot up 59% early on Thursday. As of 3:35 p.m., shares had settled back some, but remained up 39%.
17:32 PM | December 31, 2020 | Rebecca Coons
Intrepid Potash (Denver, Colorado) said on Wednesday that potash pricing is trending upward after December price increases and the outlook for drilling and fracking activity continues to improve.
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These are The Salt Lake Tribuneâs âmost Utahâ stories of 2020
(Trent Nelson | The Salt Lake Tribune) Catherine Eslinger at a rally and chocolate milk toast to Sen. Mitt Romney at the state Capitol in Salt Lake City on Friday, Feb. 28, 2020.
Well, here we are: The end of this most unusual, painful and newsy year.
Itâs a time for reflection, so we wanted to look back at those only-in-Utah stories â the pieces that went viral or that speak to the essence of this state. Good, bad, hilarious, and tragic: Letâs look back at some of the âmost Utahâ stories of 2020.
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The trial of Intrepid Potash’s rights on the Pecos River in southeast New Mexico concluded as the company argued it had maintained its water rights for decades despite not using the water, while opponents contended the rights were abandoned and Intrepid had no claim to the river.
The case centered around Intrepid’s claim that it had water rights to about 19,000 acre feet of Pecos River water for consumption and that state regulators had upheld Intrepid’s rights even after it ceased using the water to refine potash upon the closure of the Loving Refinery in the 1970s.
The company argued it had closed the refinery as water quantity and quality were inadequate for operations during drought conditions and shifted to using the Caprock Aquifer in Lea County, but that the Office of the State Engineer granted numerous time extensions to allow Intrepid to keep the rights without using the water.