Monday, June 22, 2026

Rollback of Coal Mining Rules Electrifies Gillette, Wyoming

From AP/Economic Times GILLETTE, Wyo: This hardscrabble Wyoming city of about 30,000 people proclaims itself the “Energy Capital of the Nation” on the mayor’s blue blazer and even the parking ticket payment boxes. Nearby are some of the world’s largest open-pit mines, where dump trucks the size of houses haul out more than 40 percent of the coal produced in the U.S. The windy,

India

India Investing $3 Billion in Iran Gas Field

ONGC Videsh revised its plan to develop Iran’s Farzad-B natural gas block India’s largest oil and gas explorer is looking to invest into Iran as the country looks for ways to meet its growing demand for oil and natural gas. ONGC Videsh submitted a revised plan to the Iranian government for more than $3 billion of development in the Farzad-B

Executive Order has Broad Implications for Oil Regulation

From E&E News President Trump last week laid out a wide-ranging strategy to reduce the regulatory burden on companies extracting fossil fuels from public lands. Yesterday, the Interior Department took a first step toward implementing that plan by announcing a review of an oil, gas and coal valuation rule promulgated by its Office of Natural Resources Revenue. The agency has

Unit Acquires 8,300 Acres in Hoxbar Play for $57 Million

Acquisition increases Hoxbar holdings by 42% Unit Corporation (ticker: UNT) announced the acquisition of 8,335 net acres in western Oklahoma for approximately $57 million. The acreage is located primarily in Grady and Caddo Counties, in the Hoxbar area of the Mid-Continent. The acreage acquired in this transaction is almost all contiguous with Unit’s current acreage in the area. Total Unit

Samson Oil & Gas Receives Extension on Promissory Note Payment

The payment date on Samson’s outstanding vendor promissory note has been extended by one month to May 1, 2017, and negotiations are continuing with respect to the refinance of this note. Samson made the interest payment of $400,000 today, however. The promissory note was secured by second mortgages against Samson’s Foreman Butte assets through an inter-creditor agreement with Mutual of