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So. Cal gas spike hammers independent stations

By   /  Friday, October 5th, 2012  /  Latest news, Tri-County Economy  /  Comments Off on So. Cal gas spike hammers independent stations

Independent gas stations in Southern California may experience price spikes and even shortages this weekend as problems at several Golden State refineries culminate to produce a supply pinch. “My wholesale prices went from $3.98 a gallon to $5.08 a gallon, and we are now selling at $4.39 a gallon,” Sam Seng, owner of Fred’s Gas Read More →

Latest

Venoco founder closes deal to take firm private

By   /  Thursday, October 4th, 2012  /  Latest news, Tri-County Public Companies  /  Comments Off on Venoco founder closes deal to take firm private

With $471 million in financing, Venoco founder Tim Marquez is taking the oil and gas company he founded private more than a year after his bid to buy up the 49 percent of the company he doesn’t already own. Venoco, which is based in Denver but has significant operations on the South Coast, announced the Read More →

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Venoco chief gets more time to find $400M

By   /  Wednesday, July 25th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco chief gets more time to find $400M

[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”25-01-2012″ enddate=”25-07-2012″ width=”300″ height=”245″] Venoco founder Tim Marquez has been given a second extension until Aug. 31 to tell shareholders how he plans to come up with as much as $400 million to take his company private. The Denver-based oil company has large operations on the South Coast and was Read More →

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Oil attorney joins Westlake Village firm as fracking debate heats up

By   /  Friday, July 13th, 2012  /  Columns, Law & Goverment  /  Comments Off on Oil attorney joins Westlake Village firm as fracking debate heats up

K. Eric Adair is a veteran litigator with more than two decades of experience in federal and California courts, mostly in the environmental space.

Latest

Venoco extends financing deadline for CEO

By   /  Tuesday, June 12th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco extends financing deadline for CEO

Venoco has extended CEO Tim Marquez’s deadline to July 20 to disclose how he will finance his effort to take the company private. Marquez’s buyout of the company, which is based in Denver but has about 150 employees in the Tri-Counties, was approved by shareholders on June 5. But at the time of the approval, Read More →

Latest

Venoco shareholders approve CEO takeover bid

By   /  Friday, June 8th, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco shareholders approve CEO takeover bid

Venoco CEO Tim Marquez, a former petroleum engineer, has proven that he has the shareholder votes to take his company private. But does he have the money? The question came into sharp focus on June 5, when Venoco shareholders approved Marquez’s bid to buy the 49 percent of the company’s shares he doesn’t already own Read More →

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Editorial: Oil could bring much-needed jobs to North Santa Barbara County

By   /  Friday, May 11th, 2012  /  Editorials, Opinion  /  Comments Off on Editorial: Oil could bring much-needed jobs to North Santa Barbara County

The UC Santa Barbara forecast in Santa Maria  recently raised a provocative idea for speeding jobs and growth in the Central Coast: What if the North County opened the doors to more onshore oil-and-gas exploration and development? Many experts believe that discoverable reserves are plentiful throughout the Tri-Counties. But getting permits is practically impossible at Read More →