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 …
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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 …
Read More »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 …
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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 …
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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 …
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Data from the Heat Watch 2023 in Oklahoma City is still being analyzed months after volunteers using heat sensors drove around the city mapping out the hot spots. The federally-funded program was conducted in August and the Oklahoman reported this week the information is being studied by the National …
Read More »Crude oil prices dropped 3% in Thursday’s trading and Oklahoma energy stocks suffered the same fate, this as more shipping companies indicated they will return to using the Red Sea route. Word of their plans eased concerns about supply disruptions in the Middle East. West Texas Intermediate crude fell $2.34 …
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We apologize for the issues experienced with our daily well completions and permits to drill. It has been challenging to say the least and the issue has yet to be resolved. However, this is an offering of a basic search of records, based on initial reports on file with …
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The sale of a former Siemens building in Bartlesville means the city will get 100 new full-time jobs offered by a New Jersey electric welding company that is expanding operations to northeast Oklahoma. Lincoln Electric Company, based in Union City, New Jersey and with headquarters in Cleveland, Ohio, reached …
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Oklahoma might be considering switching to a Pay per Mile program as a means to finance road improvements, rather than relying on a gasoline tax. It’s the recommendation of a task force which issued a report released Wednesday, according to the Tulsa World. The report indicated such a program could start …
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PEMA Professional Energy Marketers Association