Freeport-McMoRan sells California onshore oil, gas properties
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Freeport-McMoRan selling onshore Central Coast oil and gas properties
Freeport-McMoRan will sell its onshore California oil and gas properties, which include several facilities throughout the Central Coast, to Sentinel Peak Resources California LLC for a total of $742 million, according to SEC filings. The deal includes $592 million in cash and an additional $50 million per year in 2018, 2019 and 2020 if the Read More →
Venoco offers early end to offshore oil drilling if it can drill more now
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Venoco offers early end to offshore oil production if it can draw more sooner
Updated Sept. 16 at 2:30 p.m.: Venoco has proposed to bring an early end to its offshore oil and gas production if the company’s Lease Line Adjustment Project is approved. Denver-based Venoco, which has significant operations in Santa Barbara County, proposed on Sept. 16 that it would hand its offshore oil leases back to the Read More →
Plains pleads not guilty to criminal charges in oil spill
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Venoco restructuring approved by bankruptcy court
Venoco’s restructuring plan was approved July 13, enabling it to get out from under $1 billion of debt it incurred following the shutdown of Plains All American Pipeline’s Line 901 after the May 2015 Refugio oil spill. Under the proposal, approved by the U.S. Bankruptcy Court for the District of Delaware, the company expects to Read More →
Dubroff: Plains prosecution either carefully crafted or grandstanding
There are two ways to look at the May 17 announcement that Plains All American Pipeline will face criminal charges over last year’s Refugio oil spill. During a press conference that made national news, California Attorney General Kamala Harris and Santa Barbara County District Attorney Joyce Dudley said that a California grand jury had indicted Read More →
