August 2023 archive

Unit Corporation announces dividends and changes in SEC filings

  Unit Corporation announced Thursday that its Board of Directors approved quarterly dividends of $2.50 per share for the each of the third and fourth quarters of 2023. The record and payment dates for the third and fourth quarter dividends will be determined at a later date. Phil Frohlich, the company’s Chief Executive Officer, commented, …

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Energy headlines

** West Virginia officials are mounting additional challenges to the Biden administration’s latest rules targeting fossil fuel generating power plants. The state Public Service Commission has filed a 12-page objection to the new emission rules proposed by the U.S. Environmental Protection Agency. ** The California Energy Commission voted Wednesday to extend the life of three gas power …

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Slow progress reported on Uinta Basin Railway in Utah and Colorado

  Like the little engine that boasted “I think I can, I think I can,” such is the movement of what has become a controversial plan to ship crude oil by rail from eastern Utah and across western Colorado. Federal agencies have approved construction of the proposed 88-mile Unita Basin railway, allowing producers to ship …

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Lankford’s bill to improve federal disaster relief wins Senate approval

  Oklahoma U.S. Sen. James Lankford is optimistic his bill to improve federal disaster relief is on its way to approval in Congress. He recently applauded Senate passage of his legislation with Senators Rand Paul (R-KY) and Gary Peters (D-MI), Ranking Member and Chairman of the Homeland Security and Governmental Affairs Committee, to simplify the application …

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Smart Sand reports drop in sand sales and revenue in 2Q

  A declining number of active oil rigs across the oil and gas plays resulted in lower frac sand sales and revenue in the second quarter for Smart Sands Inc., the Texas firm with an operation in El Reno, Oklahoma. The company reported 1.1 million tons of sand sold during the quarter, down from the …

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Biden mocked Colorado congresswoman in energy speech

  While pushing his clean energy plans, President Biden resorted to mocking Colorado Republican Rep. Lauren Boebert during a Wednesday speech in Albuquerque, New Mexico. In his remarks, he discussed how climate change has led to the creation of jobs and pointed to a wind plant being constructed in Pueblo, Colorado. Click here for The …

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Iowa residents want to block more wind farms

  The buildup of wind farms in Iowa is so fast that residents of one county want a moratorium on wind turbine construction until they can craft stronger regulations. It’s in Dickinson County in northwest Iowa. Click here for Radio Iowa  

Congresswoman Bice accuses Biden of undermining American energy security

  Oklahoma congresswoman Stephanie Bice says the Biden administration has shown a pattern of repeatedly attempting to undermine American energy security. In a column this week, she wrote that the Biden administration has carried out an anti-American energy agenda and she is working to restore American energy independence. Rep. Bice also pointed to recent reports …

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Permits to drill for August 9, 2023

Grady County WILDMAN #2, August 09 2023 24 5N 5W NESENWNW API: 05123828 Lat: 34.89622121547581, Long: -97.6842445850305 RED ROCKS OIL & GAS OPERATING LLC DH, RC, 12480 ft, SYCAMORE(10009), HUNTON(10357), VIOLA(10976) Noble County BLUBAUGH #22 1ST HOLE, August 09 2023 02 24N 1W CNWSESW API: 10303579 Lat: 36.58184369929119, Long: -97.2770716652753 OTC/OCC NOT ASSIGNED SH, RC, 2405 ft, …

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Completion reports for August 9, 2023

completions: none were processed today