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Our view: Shuttered oil pipelines too much for Venoco

By   /  Friday, April 21st, 2017  /  Editorials, Latest news, Opinion  /  Comments Off on 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 →

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Venoco again files for bankruptcy

By   /  Monday, April 17th, 2017  /  Latest news  /  1 Comment

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 →

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Freeport-McMoRan selling onshore Central Coast oil and gas properties

By   /  Monday, October 17th, 2016  /  Energy, Latest news  /  Comments Off on 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 →

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Venoco offers early end to offshore oil production if it can draw more sooner

By   /  Thursday, September 15th, 2016  /  Energy, Latest news, South Coast  /  Comments Off on 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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Plains oil spill plaintiffs seek class certification

By   /  Friday, September 2nd, 2016  /  Energy, right, Small Business, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Plains oil spill plaintiffs seek class certification

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Plaintiffs file for class certification in Refugio oil spill lawsuit

By   /  Thursday, August 25th, 2016  /  Energy, Latest news, Law & Goverment  /  Comments Off on Plaintiffs file for class certification in Refugio oil spill lawsuit

A class of plaintiffs who claim to be injured by the Refugio oil spill filed for class certification. After Plains All American Pipeline’s corroded Line 901 ruptured on May 19, 2015 and spilled an estimated 123,000 gallons of oil along the Gaviota Coast, 21,000 gallons of which seeped into the ocean, fisheries were closed, oil Read More →

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Plains pleads not guilty to criminal charges in oil spill

By   /  Friday, August 5th, 2016  /  Energy, left  /  Comments Off on Plains pleads not guilty to criminal charges in oil spill

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