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Oil firm floundering amid depressed price environment

By   /  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 →

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Refugio oil spill raises important questions for South Coast

By   /  Friday, May 22nd, 2015  /  Columns, Energy, Latest news, Opinion, Top Stories  /  Comments Off on Refugio oil spill raises important questions for South Coast

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 →

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Texas oil company linked to spill off Gaviota coast

By   /  Tuesday, May 19th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on Texas oil company linked to spill off Gaviota coast

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 →

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