as declared in In this week's coastal news roundup, NOLA.com | The Times-Picayune environment reporter Mark Schleifstein talks to WWNO 's Travis Lux about why the smaller than expected low oxygen " dead zone " off Louisiana's Gulf shoreline might not mean nutrient pollution is getting better. The two also discuss how Congress has temporarily extended the federal National Flood Insurance Program through the end of the 2018 hurricane season, while still arguing about how to deal with the program's $25 billion debt. They also provide an update on the 42 wetland damage lawsuits filed by six Louisiana parishes against oil and gas companies. Tune in to 89.9 FM at 4:44 p.m. on Friday (Aug. 3), or catch the discussion at the above link. To learn more, check out the related stories below.
collected by :Frank Ithan
Chesapeake Energy stock falls again after earnings as oil and gas sales disappoint
Excluding non-recurring items, such as a $168 million loss on oil, natural gas and natural gas liquid (NGL) derivatives, adjusted earnings per share came to 15 cents, above the average analyst estimate of 14 cents, according to FactSet. Total revenue fell to $2.255 billion from $2.281 billion, just below the FactSet consensus of $2.269 billion. Volume spiked to 49.5 million shares, already more than the full-day average of about 33.8 million shares, according to FactSet. What may have also added to investors' disappointment is how well the stock had done since the last earnings report. Photo: GettyLast week, Chesapeake said it would sell its oil and gas holdings in Ohio's Utica Shale for $2 billion, and will use the proceeds to further pay down debt.Arvin council passes oil and gas restrictions; will others follow?
as declared in When the Arvin City Council began working on an ordinance that would place restrictions on new oil and gas operations near neighborhoods in Arvin, the local oil industry began to get a little nervous. Indeed, attitudes in Arvin may have begun to change when residents were directly affected by oil operations in the small farm town. In February 2016, the California Department of Conservation, Division of Oil, Gas and Geothermal Resources, imposed a $75,000 fine on the owner and operator of the pipeline and several oil and gas wells in Arvin. Even California Attorney General Xavier Becerra weighed in on Tuesday night's action by the Arvin City Council. Thanks to the important ordinance passed by the City Council, that unfortunate reality will begin to change," Becerra said in a statement Wednesday.collected by :Frank Ithan
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