AI bills win support in Oklahoma House Committee

Regulation of AI or artificial intelligence. It’s the intent of several bills in the Oklahoma legislature this year and they won approval in the Oklahoma House Government Modernization and Technology Committee. House Bill 3453, authored by Rep. Jeff Boatman, R-Tulsa, would establish the Oklahoma Artificial Intelligence Bill of Rights, which defines “artificial intelligence” and “real …

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ONE Gas recorded revenue gains after rate hikes

  ONE Gas, Inc  announced its fourth quarter and full year 2023 financial results, which included diluted earnings per share of $1.27 and $4.14, respectively. They showed gains in fourth quarter net income as well as for the entire year, mostly because of the rate increases approved by state regulators. “We had another successful year …

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Empire Petroleum issues $5 million note to Cayman Islands company

  In a filing with the U.S. Securities Exchange Commission this week, Tulsa-based Empire Petroleum Corporation revealed it had issued a $5 million promissory note to a Cayman Islands exempted company. Energy Evolution Master Fund, Ltd. based near Houston, Texas, had already advanced $2.5 million to Empire. It intends to advance up to another $2.5 …

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Gains recorded for crude oil and natural gas

Crude oil prices and natural gas prices made gains in Wednesday’s trading….oil going up as fighting continues in Gaza and gas seeing an increase while there’s talk of a growing oversupply. West Texas Intermediate crude went up 87 cents or 1.1% to settle at $77.91 a barrel on the New York Mercantile Exchange. Brent crude, …

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Despite ownership in Oklahoma energy companies, BlackRock remains on a banned list

    Could investment company BlackRock eventually be removed from a list of firms banned from doing Oklahoma state business because of its previous discrimination of oil and gas companies? It’s a question posed to the Oklahoma Treasurer’s office after OK Energy Today recently reported how the New York-based investment firm disclosed its ownership in …

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Oklahoma Senate prepares for Thursday vote on grocery tax cut bill

  Groceries are certainly a major role in the energy industry throughout Oklahoma and on Thursday, the Oklahoma State Senate will vote whether to cut the taxes on the food stuffs. Senate Pro Tem Greg Treat announced Wednesday an agreement had been reached and he ordered the bill to be brought up for a Thursday …

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Colorado ready to open its first Buc-ee’s store

    While Oklahoma remains without a Buc-ee’s store in the state, Colorado is about to open its first in the coming few weeks. The new travel center will open March 18 in Johnstown off I-25 and County Road 48 or just southeast of Loveland. It is a 74,000 square-foot gas station and plenty of …

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4Q earnings down for OGE Energy Corp.

  Lower earnings in the fourth quarter and for all of 2023 were reported by OGE Energy Corp., parent company of the Oklahoma Gas and Electric Company. Milder weather played a role in the drop in earnings. OGE Energy’s fourth quarter net income totaled $48.2 million or 24 cents a share, down from the $50.3 …

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Oklahoma Treasurer commends investment firms for leaving climate group

  Oklahoma Treasurer Todd Russ, the man in charge of the list of banks banned for their policies that discriminate against the oil and gas industry, came out this week with congratulations to three banks and investment firms that dropped their membership in the Climate Action 100+. In an announcement, Russ openly commended J.P. Morgan …

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Chesapeake’s decision to trim gas exploration a sign of what’s happened with prices

    This week’s decision by Chesapeake Energy to trim some of its natural gas exploration, despite beating analysts expectations with strong fourth quarter earnings, is indicative of what’s happened to U.S. Natural gas producers. As OK Energy Today reported earlier in the week, the Oklahoma City gas giant said “current mrket dynamics” were behind …

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