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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 …
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 …
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 …
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, …
Completion reports for August 9, 2023
completions: none were processed today
New highs recorded for crude oil prices while OK energy stocks had moderate gains
A steep drawdown in U.S. fuel stockpiles along with Saudi and Russian output cuts led to new peaks for oil prices on Wednesday. Brent crude, the global benchmark, reached its highest since January, setting up $1.38 or 1.6% at 487.55 a barrel on ICE Futures Europe. It was the highest level since Jan. 27. U.S. …
Ozone alert issued for OKC and Tulsa on Thursday
The Oklahoma Department of Environmental Qualityissued an ozone alert for the Oklahoma City and Tulsa metropolitan areas for Thursday, August 10, 2023. This alert will initiate the issuance of an “Ozone Alert Day” for the Oklahoma City area by the Association of Central Oklahoma Governments, and an “Ozone Alert Day” for the Tulsa area by the Indian Nations …
Decline slows in crude oil stocks at Cushing Hub
Cushing’s drop in stored crude oil took a pause in the past week as it held nearly the same amount of oil as the previous week reported the U.S. Energy Information Administration. The government reported the amount of crude oil held at the northern Oklahoma hub actually increased from 34.5 million barrels at the …
Increased crude oil production forecast for rest of 2023 and 2024
The government came out this week with a revised and increased forecast for U.S. crude oil production in 2023 and 2024. The August Short-Term Energy Outlook from the U.S. Energy Information Administration predicts higher well productivity and higher crude oil prices continuing into 2024. Crude oil prices. The Brent crude oil spot price averages $85 per …