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By Editorial Board / Friday, January 10th, 2014 / Editorials, Opinion / Comments Off on Editorial: A stronger Santa Maria bodes well for the region
The city’s comeback is being fueled in part by the housing bust, which left it as a rare find in the region — a large community with affordable homes, condos and apartments and a skilled workforce.
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By Stephen Nellis / Friday, December 13th, 2013 / Central Coast, South Coast, Top Stories, Tri-County Economy / Comments Off on Outside funds fuel county’s energy boom
Santa Maria Energy’s deal to go public and bring its total funds raised to date to an estimated $90 million caps a flurry of renewed investment and activity in Santa Barbara County’s oil fields, both onshore and offshore. In addition to 136 wells that Santa Maria Energy has planned, Denver-based Venoco has proposals before regulators Read More →
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By Stephen Nellis / Thursday, December 5th, 2013 / Central Coast, Top Stories, Tri-County Economy / Comments Off on Santa Maria Energy to raise $40M, go public
Santa Maria Energy is going public and raising at least $40 million in new capital — and possibly much more – which could put the firm’s total funds raised at an estimated $90 million.
Santa Maria Energy’s contentious project to drill 136 new oil wells in North Santa Barbara County received approval from the Santa Barbara County Board of Supervisors last month. The Supervisors imposed strict limits on the project’s carbon emissions, essentially implementing a 10,000-ton-per-year cap and requiring the company to buy carbon credits if it goes over that limit.
