Tri-county oil producers considering exit strategies
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Measure P puts future of oil drilling at stake
Measure P would ban the use of techniques such as hydraulic fracturing, also known as fracking, and acid stimulation, which aren’t currently in use in the county. But it would also ban practices such as cyclic steaming, which is in use at about one-third of Santa Barbara County’s nearly 1,200 wells.
Tri-county energy firms: our Monterey shale will pay off
Federal officials have slashed their estimate for how much oil is held in California’s Monterey shale by 96 percent, but energy companies working in the Tri-Counties say they have no plans to abandon their efforts in the long-producing formation or its rising competitor, the diatomite.
