October 4, 2022
Loading...
You are here:  Home  >  Regions  >  Central Coast  >  Current Article

Oil glut ends tri-county drilling expansion

IN THIS ARTICLE

Sustained low oil prices have brought costly new oil extraction proposals in Santa Barbara County to a halt. Aera Energy abandoned its plan to develop hundreds of new wells at the East Cat Canyon field, the second development project to be pulled as crude prices have stayed near $30 a barrel. “There’s just so much…

Subscribe

    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.