Fourth quarter and full year 2021 financial results for ONE Gas were stronger in comparison as the Tulsa-based firm announced diluted earnings per share of $1.12 for the quarter and $3.85 for the year. Did earnings “skyrocket”? No, but they definitely grew both for the quarter and the full year. Fourth quarter 2021 net …
More growth reported by Chesapeake Energy in 4Q
Chesapeake Energy unveiled its fourth quarter earnings report this week showing that like other energy firms, the Oklahoma City-based company had a good quarter. It reported net cash from operating activities of $563 million leaving Chesapeake with an unrestricted cash balance of $905 million. Net income totaled nearly $1.4 billion or $11.13 per diluted …
Kansas leader wants faster price gouging probe from last year’s storm
Price gouging from the 2021 Winter Storm Uri in Oklahoma. It’s what some have called on Attorney General John O’Connor to hastily carry out and now in Kansas, a similar call is being made. Lynn Rogers, the state treasurer in Kansas says Attorney General Derek Schmidt’s probe is too slow and sending the wrong …
Other energy headlines
** The U.S. Supreme Court agrees to hear a case brought by West Virginia and 18 other states that challenges the EPA’s ability to issue regulations to curb carbon emissions from fossil fuel-fired power plants. ** The U.S. Postal Service finalized plans Wednesday to purchase up to 148,000 gasoline-powered mail delivery trucks, defying Biden administration officials’ objections that the …
Senators urge Biden to increase LNG exports to Europe
While Russian troops spread across Ukraine, Oklahoma U.S. Sens. Jim Inhofe and James Lankford joined other Republican Senators in urging the Biden administration to increase the nation’s supply of LNG to help European countries. The U.S. last year was already Europe’s largest source of liquefied natural gas according to the U.S. Energy Information Administration. …
Louisiana’s Entergy customers to also pay for storm costs
Oklahomans aren’t the only ones who have to pay for storm costs. The one million customers of Entergy in Louisiana will pay $3.2 billion to reimburse the company to cover repair costs from five storms in 2020 and 2021. Critics say it shouldn’t be allowed because while customers will have to cough up $3.2 …
Russia’s launch of war sparks $100 oil in London
Accessibility statementSkip to main content Hours after crude oil prices slipped slightly due to uncertainty over the Ukraine-Russia standoff, certainty entered the picture as missiles and bombs started falling over Ukraine. It sparked an increase in crude prices as oil topped $100 a barrel for the first time since 2014. Futures in London late Wednesday …
Gov. Stitt confirms Oklahoma hopes to land mystery plant
For the first time, Oklahoma leaders finally confirm yes, a mystery company is considering the state for a manufacturing site that could potentially hire thousands of workers and bring billions of dollars investment. As OK Energy Today reported earlier this year, the company’s interest in a site either in eastern Kansas or near Tulsa …
EV hearing rescheduled due to winter storm
Severe winter weather on Wednesday forced the Oklahoma Corporation Commission to reschedule a public hearing on proposed Electric Vehicle Charging Station rules. The hearing, scheduled for Feb. 23 at 9:30 a.m. was continued until Thursday, March 3, also at 9:30 a.m. The Public Utility Division’s public hearing will focus on Cause No. RM 202100005.
Rep. Hern says Biden should bear blame of higher energy costs
Oil prices in Europe hit $100 a barrel late Wednesday night after Russia launched its invasion of eastern Ukraine, firing missiles into Kiev and other cities. It came as the Biden administration warned of higher energy costs and Oklahoma Congressman Kevin Hern says if anyone should bear the blame, it is President Joe Biden. “The …
