Plains submits $300 million plan to rebuild oil pipelines 901 and 903
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Read More →Trump’s orders on monuments, offshore drilling decried
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Read More →Venoco’s exit means Tri-Counties will lose jobs, taxes
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Read More →Our view: Shuttered oil pipelines too much for Venoco
Updated at 12:05 p.m. April 24: When a Plains All American pipeline broke, spilling 142,000 gallons near Refugio Beach two years ago, few would have foreseen the unintended consequence that played out in a Delaware bankruptcy court on April 17. Venoco, a capable operator and the largest corporate taxpayer in Santa Barbara County, announced it Read More →
Read More →Venoco again files for bankruptcy
Just nine months after a federal bankruptcy court approved its reorganization plan, Venoco LLC re-entered Chapter 11 proceedings on April 17 and handed environmentalists a victory in announcing the shutdown of an offshore oil platform. Venoco said that under its plan for bankruptcy reorganization, Platform Holly and the South Elwood Oil Field are being transferred Read More →
Read More →Freeport-McMoRan selling onshore Central Coast oil and gas properties
Freeport-McMoRan will sell its onshore California oil and gas properties, which include several facilities throughout the Central Coast, to Sentinel Peak Resources California LLC for a total of $742 million, according to SEC filings. The deal includes $592 million in cash and an additional $50 million per year in 2018, 2019 and 2020 if the Read More →
Read More →Venoco offers early end to offshore oil production if it can draw more sooner
Updated Sept. 16 at 2:30 p.m.: Venoco has proposed to bring an early end to its offshore oil and gas production if the company’s Lease Line Adjustment Project is approved. Denver-based Venoco, which has significant operations in Santa Barbara County, proposed on Sept. 16 that it would hand its offshore oil leases back to the Read More →
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