Opposition could gum up energy projects
By Stephen Nellis / Friday, June 27th, 2014 / Central Coast, Real Estate, Top Stories, Tri-County Economy / Comments Off on Opposition could gum up energy projects
A trio of Central Coast oil projects are winding through the regulatory process in the face of increasingly stiff regional and statewide opposition.
Tri-county energy firms: our Monterey shale will pay off
By Stephen Nellis / 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.
Santa Maria Energy drills down on search for private equity
By Stephen Nellis / 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.
Santa Maria Energy shelves $79M going-public deal
By Stephen Nellis / 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.
Carpinteria oil firm seeks $17M in malpractice suit
By Stephen Nellis / Friday, May 2nd, 2014 / Law & Goverment, Top Stories / Comments Off on Carpinteria oil firm seeks $17M in malpractice suit
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Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans
By Stephen Nellis / 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.
Editorial: Ukrainian crisis illustrates power of the free market
By Editorial Board / Friday, March 7th, 2014 / Editorials, Opinion / Comments Off on Editorial: Ukrainian crisis illustrates power of the free market
The “markets matter” lesson should not be lost on some of the most left-leaning members of the Democratic party, who may find themselves on the wrong side of history when it comes to America’s resurgent energy markets.