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Santa Barbara chamber opposes anti-oil effort Measure P

By   /  Wednesday, August 27th, 2014  /  Central Coast, South Coast, Tri-County Economy  /  3 Comments

Proponents of Santa Barbara County’s Measure P, an anti-fracking measure that could also shut down conventional oil and gas production, suffered a setback on Aug. 27 when the largest South Coast chamber of commerce said it opposed the November ballot initiative. The Santa Barbara Region Chamber of Commerce said that its board voted to “urge Read More →

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Venoco to sell Oxnard oil field for $200M

By   /  Friday, August 22nd, 2014  /  Latest news, Top Stories, West Ventura County  /  1 Comment

With revenue sagging and pressure mounting to reduce its debt load, Venoco has agreed to sell an oil field near Oxnard for $200 million.

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Measure P rekindles north-south feud in Santa Barbara County

By   /  Friday, August 22nd, 2014  /  Columns, Opinion  /  Comments Off on Measure P rekindles north-south feud in Santa Barbara County

Henry Dubroff

Large energy companies, most of the North County’s elected officials and chambers of commerce and many others are firmly opposed to this November ballot measure, which would bar “high-intensity” energy production in the county.

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Opposition could gum up energy projects

By   /  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.

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Tri-county energy firms: our Monterey shale will pay off

By   /  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.

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Santa Maria Energy drills down on search for private equity

By   /  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.

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Santa Maria Energy shelves $79M going-public deal

By   /  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.

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