Chesapeake Energy saw a gain in its fourth quarter net income which totaled $569 million or $4.02 a fully diluted share but announced it won’t be as aggressive in new well exploration in the coming months. Its adjusted EBITDAX gained as well, moving from $580 million in the third quarter to $635 million and …
Not only did crude oil prices drop in Tuesday’s trading, but Oklahoma energy stocks did as well. Analysts blamed growing worries about the global demand offsetting price support from the Israel-Hamas war. West Texas Intermediate for March delivery which expired Tuesday settled down $1.01 or 1.3% to $78.18 a barrel on the New York Mercantile …
A new report suggests that had the Biden administration’s methane emissions fees been in effect last year, some of the top 25 U.S. oil and gas producers, including several in Oklahoma, would have been liable for $1.1 billion in charges. It also means those same companies will likely be paying higher fees as …
Usually the creation of another government office means more bureaucracy and of course, more funding by taxpayers. But the recent announcement by the Office of Management and Budget of its launching of the Federal Program Inventory (FPI) drew praise from Oklahoma U.S. Sen. James Lankford, someone known for his hefty criticism of wasteful …
Farm groups in Kansas are urging the state legislature to adopt a bill to stop utilities from using the power of eminent domain for construction of solar farms in the state. Some opponents want legislators to go even further by prohibiting utilities using eminent domain to build huge transmission lines. The Kansas Senate …
They will need approval from the Environmental Protection Agency, but two ethanol companies hope to construct the first carbon sequestration sites in the state of Kansas. Carbon sequestration involves the creation of deep underground wells where carbon dioxide emissions are pumped and removed from the atmosphere. It’s a controversial process that is favored by …
** A U.S. district court granted the federal government’s request to indefinitely pause a trial concerning a major petrochemical plant in Louisiana, despite the Biden administration’s insistence that the facility poses an imminent health threat. ** Over the past week, some new Tesla Cybertruck owners have taken to social media to complain about what they say …
An update where Oklahoma’s efforts to expand broadband service to more than 55,000 homes and businesses will be given Wednesday to the Oklahoma Broadband Expansion Council. The Council will meet Wednesday morning at 10 o’clock in the State Library and members will receive reports regarding the progress on broadband infrastructure expansion projects in 57 …
Of the nearly $6 billion in more funding for water infrastructure projecs announced Tuesday by the Biden administration, Oklahoma will receive a reported $33,407,000. Allocations from the U.S. Environmental Protection Agency will go to all 50 states, bringing the total awarded for water infrastructure projects to $22 billion reported the Associated Press. Oklahoma’s …
CenterPoint Energy, the Houston-based company with operations throughout Oklahoma, announced this week it plans to sell its natural gas assets in Louisiana and Mississippi in a $1.2 billion agreement with Bernhard Capital partners. The electricity and gas utility instead indicated it plans to focus on its regulated business. It’s a move similar to …
