Santa Barbara chamber opposes anti-oil effort Measure P
By Staff Report / 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 →
Read More →Venoco to sell Oxnard oil field for $200M
By Stephen Nellis / 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.
Read More →Measure P rekindles north-south feud in Santa Barbara County
By Henry Dubroff / Friday, August 22nd, 2014 / Columns, Opinion / Comments Off on Measure P rekindles north-south feud in Santa Barbara County
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.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
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