Ventura Oil Field’s 100th anniversary celebrated
About 150 people turned out on April 9 to celebrate the 100th anniversary of the Ventura Oil Field. Hosted by operator Aera Energy, the event featured cupcakes decorated with the company’s logo. “It’s unusual for an oil field to celebrate a century of operations,” said Christina Sistrunk, Aera president and CEO. With production of 14,000 Read More →
EDC suing California Resources for alleged contamination of Ventura waterways
The Environmental Defense Center is suing the California Resources Corporation for allegedly contaminating Ventura waterways with polluted storm water runoff. The suit, filed in U.S. District Court on April 5, claims CRC violated the Clean Water Act at its 5,757-acre South Mountain oil field, where it conducts oil exploration and development activities near the city Read More →
Venoco suing Plains for $12 million over Refugio oil spill pipeline closures
Denver-based Venoco, an oil and gas producer with significant operations in the Tri-Counties, is suing Plains All American Pipeline for more than $12 million in damages. Venoco is suing the Houston-based energy infrastructure company responsible for the Refugio oil spill for the continued loss of profits that stemmed from the shut down of Line 901 Read More →
Cal Poly SLO gets $1.5 million to study wave energy
Cal Poly San Luis Obispo received a $1.5 million grant from the U.S. Department of Energy to continue testing the feasibility of a Central Coast wave energy facility. Cal Poly’s Institute for Advanced Technology & Public Policy is testing the feasibility of building a Central Coast wave energy park through its CalWave project. The $1.5 Read More →
Plains gets blame for Venoco bankruptcy filing
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Venoco files for Chapter 11 bankruptcy
Venoco, the Denver-based oil and gas company with substantial operations in the tri-county region, has filed a pre-packaged Chapter 11 bankruptcy after agreeing with lenders to slash $1 billion in debt. Venoco said March 18 that it reached an agreement with its senior lenders on a restructuring agreement. The company earlier said it was suspending Read More →
Plains oil pipelines don’t qualify as interstate
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