 There are currently no active coal mines in the basin, although the New Elk coal mine, inactive since 1989 and now owned by Cline Mining of Canada, is expected to reopen in 4th quarter 2010.A number of wells have been drilled over the years seeking conventional oil and natural gas, but none has been produced in economic quantities in the basin.In April 2008, Pioneer Natural Resources announced that they were developing natural gas reserves in the Cretaceous Pierre Shale on their leasehold in the Raton Basin.