PASOK Logo Refresh

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This customer received 36 logo designs from 14 designers. They chose this logo design from R I D as the winning design.
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The Petroleum Accountants Society of Kansas is a professional organization for accounting professionals working in the oil and gas industry. The purpose of PASOK is to "collect and share fundamentally sound accounting principles and methods; to develop, improve, extend, and standardize the science and art of petroleum accounting."
As a 76 year old organization, our logo should reflect the solid history of both oil and accounting in Kansas. However, it is time for the PASOK logo to be refreshed.
We are interested in two approaches to this project:
1) Use the existing logo look/feel and simple update to a more modern look.
2) New logo concepts that still reflect both accounting symbols and oil and gas symbols.
Current Website: www.pasokkansas.org
Logo Text
PASOK www.PASOKKANSAS.org