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Tri-county oil producers considering exit strategies

By   /  Friday, January 29th, 2016  /  Energy, Latest news, middle, Top Stories, Tri-County Economy  /  Comments Off on Tri-county oil producers considering exit strategies

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Measure P puts future of oil drilling at stake

By   /  Friday, September 5th, 2014  /  Central Coast, Green Coast, Law, Top Stories, Tri-County Economy  /  Comments Off on 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.

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Tri-county energy firms: our Monterey shale will pay off

By   /  Friday, June 6th, 2014  /  Central Coast, Latest news, Top Stories, Tri-County Economy  /  Comments Off on 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.

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Santa Maria Energy drills down on search for private equity

By   /  Friday, May 9th, 2014  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Santa Maria Energy drills down on search for private equity

Santa Maria Energy is on the hunt for private equity funding for its $120.7 million capital budget after a going-public deal fell apart.

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Santa Maria Energy shelves $79M going-public deal

By   /  Friday, May 2nd, 2014  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria Energy shelves $79M going-public deal

A $79 million merger that would have taken Santa Maria Energy public has been called off after its financiers couldn’t gather the votes to pass it.

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Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans

By   /  Friday, April 25th, 2014  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans

Hyde Park’s investors spurned the Santa Maria Energy deal, at least for now. Sixty-seven percent voted to push the final vote on the merger back to April 30, signaling there were not enough votes to approve the deal outright.

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$114M slated to fuel Santa Maria Energy operations

By   /  Friday, January 10th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on $114M slated to fuel Santa Maria Energy operations

Santa Maria Energy has disclosed plans to pump up to $114 million into Santa Barbara County this year as it pursues its $1.2 billion in oil reserves and more than 7,700 potential drilling locations.

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