Tri-county oil producers considering exit strategies
IN THIS ARTICLE
- Energy Topic
- pacbiztimes Author
By pacbiztimes Friday, January 29th, 2016
A Pacific Coast Energy oil rig sits atop Orcutt Hill in Santa Maria. Plummeting oil prices and pipeline shutdowns have some of the Tri-Counties’ biggest energy producers thinking about exit strategies. Many of the area’s oil and gas producers are hunkering down because the returns on oil have dropped so drastically, sending a shockwave…