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 →
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Venoco offers early end to offshore oil drilling if it can drill more now
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Read More →Plains oil spill plaintiffs seek class certification
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Read More →Plaintiffs file for class certification in Refugio oil spill lawsuit
A class of plaintiffs who claim to be injured by the Refugio oil spill filed for class certification. After Plains All American Pipeline’s corroded Line 901 ruptured on May 19, 2015 and spilled an estimated 123,000 gallons of oil along the Gaviota Coast, 21,000 gallons of which seeped into the ocean, fisheries were closed, oil Read More →
Read More →Plains pleads not guilty to criminal charges in oil spill
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Read More →Judge keeps Plains oil spill grand jury transcripts sealed
Plains All American Pipeline and Plains employee James Buchanan pleaded not guilty to criminal charges regarding the Refugio oil spill and the court ruled on July 28 that the grand jury transcripts in the indictment will remain sealed until the trial’s completion. Houston-based Plains was charged with four felonies and 42 misdemeanors after its corroded Read More →
Read More →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 →
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