The Southwest Power Pool, of which Oklahoma is a member, announced the naming of Felek Abbas as vice president and chief security officer. The appointment was effective Wednesday. The new position is important to safeguarding SPP’s vital role in grid operations and protecting SPP’s data and personnel. “Cyber and …

  U.S. retail gasoline prices in 2023 averaged $0.43 per gallon (gal) less than in 2022, according to data from the U.S. Energy Information Administration’s Gasoline and Diesel Fuel Update. This decline was due, in part, to lower crude oil prices in 2023 compared with 2022 and higher gasoline inventories …

  Halliburton Company has been named to the 2023 Dow Jones Sustainability Indices (DJSI). 2023 marks the third consecutive year that the company has been named to the list. DJSI assesses the sustainability performance of companies using a transparent, rules-based process based on the annual S&P Global Corporate Sustainability Assessment …

  New Mexico wants new rules perhaps putting more restrictions on ground water use by the oil and gas industry. Its Environment Department recently announced a move to petition the Water Quality Control Commission to begin formal deliverations on the proposed rules, according to the Associated Press. The rules will …

US crude oil prices started 2024 with a loss and so did the global benchmark, thanks to an ease in concerns about supplies being disrupted by Houthi attacks in the Red Sea. West Texas Intermediate crude finished down $1.27 or 1.8% to $70.38 a barrel on the New York Mercantile …

  The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from $101/b in 2022, a difference of $19/b after rounding. Global markets adjusted to new trade dynamics, with crude oil from Russia finding destinations outside the EU, and global crude oil demand fell short of expectations. Those …

  Captured CO2 for enhanced oil recovery could see North Dakota reach 5 billion barrels of Bakken oil this year. If so, that’s good news for Bakken leader Continental Resources of Oklahoma City. It’s the prediction of Ron Ness, President of the North Dakota Petroleum Council. “In mid-2024, we’re going …

  New rules took effect Jan. 1 under the Biden administration, reducing the number of electric vehicle models eligible for consumer tax credits up to $7,500. The number of such vehicles fell from about two dozen to 13 based on narrower criteria according to federal information from fueleconomy.gov. EVs that …

  Helmerich & Payne leaders will be busy this week attending two investor conferences. The company’s Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences …

  As Oklahoma held steady in its oilfield rig activity in the past week, the nation saw a small gain, reaching 622 active oil and gas rigs reported Baker Hughes Co. The weekly report showed a national gain of two rigs. The gain of two oil rigs pushed the total …