California Attorney General Kamala D. Harris on Friday said her office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the incident.
By Elijah Brumback / Friday, May 22nd, 2015 / Energy, Latest news / Comments Off on Oil firm floundering amid depressed price environment
North American Oil & Gas Corp., a small-time oil and gas company based in Ventura, is barely staying afloat. Since the company’s formation in 2010, NAMG hasn’t produced any revenue and sold it’s only drilled well to a Colorado-based company for a 0.5 percent royalty of any commercial production. However, according to the company’s recent Read More →
The estimated 105,000-gallon oil spill that will ruin Memorial Day for thousands of visitors to Refugio State Beach in Santa Barbara County is a reminder of how much environmental issues have become economic stories. Santa Barbara County is so heavily dependent on hotel-related taxes that it literally can’t afford the kind of environmental disaster that Read More →
The company that reportedly was involved in the May 19 oil spill off the Gaviota coast is a large Houston-based master limited partnership that operates nearly 18,000 miles of pipeline in the U.S. The company, Plains All American Pipeline, also operates a number of processing facilities and is organized as a so-called master limited partnership Read More →