Unit Corporation’s Philip B. Smith is stepping down as President and CEO of the company, positions he held since October of 2020. Smith plans to continue serving as Chairman of the board of Unit. In making the announcement, the company stated his decision to step down was a desire to spend more time working on …
March 2023 archive
Sen. Lankford agrees with House in opposing Biden’s ESG investment rule
Senator James Lankford (R-OK)supports a Congressional Review Act (CRA) resolution of disapproval that would prevent President Biden from implementing a rule that would politicize Americans’ retirement investments in favor of Biden’s Green New Deal, also known as Environmental, Social, and Corporate Governance (ESG) investing. The resolution of disapproval passed in a vote of 50-46. …
Sen Mullin says WOTUS is nothing but “bureaucratic overregulation and red tape”
Oklahoma U.S. Sen. Markwayne Mullin says he knows what he’s talking about in calling the EPA’s WOTUS rule “bureaucratic overregulation and red tape.” He experienced it as a small business owner and said the overregulation and red tape can threaten or even destroy a business. Writing in his latest “Mullin it Over” column, the …
Permits to drill for March 1, 2023
Carter County MAYWALKER #3-34, March 01 2023 34 5S 2W CE2NESW API: 01926481 Lat: 34.076577722059355, Long: -97.3973968316788 YALE OIL ASSOCIATION INC SH, RC, 11805 ft, WOODFORD CHERT(9420), BOIS D ARC (HUNTON)(9674), HUNTON (CHIMNEY HILL)(10084) Major County LINK #2-13, October 06 2022 13 20N 16W E2E2SWNE API: 09321560 Lat: 36.21093953391659, Long: -98.85503163378117 XTO ENERGY INC SH, AM, 10600 …
Completion reports for March 1, 2023
MAJOR COUNTY Crawley Petroleum Corporation Mississippian(67891): Oil 189 Gas 324 Water 1831 Flow 22 20N 16W Randy Whetstone 1-22mh, October 08, 2022 HH, OIL, TD: 13937 ft Lat: 36.20141, Long: -98.90022 API: 35093252820000 Crawley Petroleum Corporation Mississippian(9340): Oil 21 Gas 81 Water 1854 Flow 23 20N 16W Louthan 1-23mh, October 11, 2022 HH, OIL, TD: 13843 ft Lat: 36.18808, Long: -98.86802 API: 35093252810000 NOBLE COUNTY Charter Oak …
Crude prices went up in Wednesday’s trading as did some OK energy stocks
Crude oil prices gained about 1% in Wednesday’s trading while Oklahoma energy stocks had a stronger day with one oil company seeing a nearly 15% gain for the day. Growing U.S. crude inventories also dampened any hopes for higher demand. West Texas Intermediate crude rose 64 cents or 0.8% to settle at $77.69 on …
Cushing’s buildup of stored crude oil continues to grow
The slow buildup of crude oil in storage at Oklahoma’s Cushing hub is part of what has happened nationally—more and more oil is in storage. The nation’s crude inventories rose to their highest since May 2021 and represented the 10th straight weekly increase. Cushing held 40.7 million barrels as of Feb. 24, according to …
GOP governors push for energy diversification
It would appear Oklahoma Gov. Kevin Stitt’s call for more energy diversification, one he made in his early February State of the State address to the state legislature, isn’t a lone call in the wild. Other Republican governors have made similar calls even as GOP legislators are pushing anti-ESG acts and laws. Bloomberg recently …
Denver to ban natural gas furnaces and water heaters
The city of Denver, Colorado has joined the list of those places where some natural gas will be banned from use in some buildings. The city’s new building codes that take effect in 2024 will ban natural gas furnaces and water heaters but not gas cooking stoves. Officials say it shows the city’s commitment …
State House committee to take up HOA bans of residential solar systems
Ardmore Rep. Tammy Townley’s bill to bring an end to Home Owners Association’s from banning the installation of solar energy systems goes before a state House committee on Thursday. The House Utilities Committee will meet at 10:30 a.m. at the Capitol to consider3 bills, including HB1023 by Rep. Townley. The House member explained recently …