Our mistake. The recent announcement of the addition of 100 jobs in Bartlesville by Lincoln Electric did not involve Lincoln arc welders. Lincoln Electric Products Company, based in New Jersey will expand operations to northeast Oklahoma.
January 2024 archive
Oil leader predicts 5 billion barrels of Bakken oil to be produced this year
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 to reach 5 billion barrels …
New EV tax credit rules trims list of those eligible
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 use battery components made by …
Investors conferences to include Helmerich and Payne leaders
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 during the month of January …
Rig activity holds in Oklahoma and grows nationally
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 to 500 rigs while the …
Heat watch results being studied in OKC
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 Oceanic and Atmospheric Administration. Results …
Rep. Lucas mourns death of longtime Democrat friend Rep. Johnson
For years, Oklahoma Congressman Frank Lucas worked beside long-time Democrat Eddie Bernice Johnson in her former capacity as the first Black woman to chair the House Committee on Science, Space, and Technology, the committee now chaired by Lucas. He rememberered her fondly after she died Sunday at the age of 88 following her department …
Canoo delivers first EVs to State government
The State of Oklahoma received its first three made-in-Oklahoma electric vehicles from Canoo as an innovative part of the state’s ongoing fleet modernization initiative. At a combined cost of $119,850, these three Lifestyle Delivery Vehicles (LDVs) are the first of their kind in the state fleet, with one each assigned to the …
Cole cites strengthening of nation’s Petroleum Reserve a major 2023 move
Oklahoma Congressman Tom Cole says the passing of two bills to strengthen the nation’s strategic energy reserves was one of the greatest accomplishments by the House in the past year. In comments about the year 2023, the Republican Rep. said it came after the Biden administration spent two years undermining the national security by …
Crude oil prices lost 10% for 2023
Crude oil stocks fiinished 2023 down 10% for the year as of Friday and Oklahoma energy stocks slid downward too. Geopolitical turmoil and worries about the oil production levels led the main causes. West Texas Intermediate crudee finished down 12 cents or 0.17% for the day, settling at $71.65 a barrel on the New York …