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 …
February 24, 2022 archive
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 …
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