california – Page 4 – Oil & Gas 360

Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

September 10, 2018

From the Mercury News In a move aimed at stopping President Trump’s plans to expand offshore oil drilling along the California coast, Gov. Jerry Brown on Saturday signed two laws that prohibit construction of new pipelines that could bring the oil and gas to shore. “Today, California’s message to the Trump administration is simple: Not here, not now,” Brown said.

Replace 3 Gas Plants with Energy Storage? California PUC Votes Jan. 11

December 21, 2017

From Utility Dive California regulators next month will consider a plan to replace three natural gas-fired power plants with energy storage, significantly building on the state’s apparent comfort with batteries as grid solutions. The California Public Utilities Commission (CPUC) is scheduled to vote Jan. 11 on a proposal for Pacific Gas and Electric to issue a request for solicitations for storage projects that

Petroleum Industry Contributes $148 Billion to California’s Economy

June 8, 2017

Petroleum industry’s total economic value for California—larger than 15 U.S. state economies A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil and gas industry’s sizable economic and fiscal impacts on California’s economy and also identifies the user industries of refined products and quantifying their economic activity today. The Western States Petroleum Association (WSPA)

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

May 23, 2017

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million. The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) producing approximately 140 Boe/d net from 50 Eagle Ford wells and one Austin Chalk well. Yuma also announced that on May 19, 2017 the lenders under its

Freeport-McMoRan Sells another Chunk of its Oil & Gas Assets for $742 Million

October 14, 2016

Freeport-McMoRan severs its California onshore assets, price tied to Brent futures Freeport-McMoRan (ticker: FCX) announced today a purchase and sale agreement to sell its onshore California oil and gas properties to Sentinel Peak Resources California LLC for total consideration of $742 million, including contingent consideration. Under the terms of the agreement, FCX will receive cash consideration of $592 million at closing and additional consideration of $50 million per annum

Exclusive Interview with Stephen Brunner, President, Petro River Oil

August 26, 2016

Conventional wells, prolific areas, and low cost structure are the staples of Petro River: Brunner Petro River Oil’s President Stephen Brunner spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Brunner talked about the business strategy of Petro River, Oil prospects in Ireland, and a potential uplisting to NASDAQ. Petro River Oil Corp.

Petro River Oil Corporation – Day One Breakout Notes

August 16, 2016

Petro River Oil presents at EnerCom’s The Oil & Gas Conference® During Petro River Oil’s breakout session, management was asked the following questions: Do you envision being a company giving a steady dividend? I think you have an $18 million receivable on your balance sheet; How did that come about? And do you think you will realize it? Your interest

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year - Oil & Gas 360

California Drops 50% Oil Cut from Senate Bill

September 10, 2015

The California Senate removed requirements for a 50% reduction in petroleum use from SB 350 The California legislature passed a law today setting higher renewable energy use and fuel standards, but without a portion of the bill that would have called for a 50% reduction in petroleum use by 2030. The bill, Senate Bill 350, prompted a backlash from the

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - Oil & Gas 360

United States Gasoline Prices Lowest Since 2009… Except in California

July 14, 2015

California gas prices $0.95 above national averages Nationally, the average price of a gallon of gas is just $2.77. But the average price in California is $3.72, with average prices in the L.A. area even higher at $4.05/gal, the Automobile Club of Southern California told the LA Times. Problems with refining, along with California’s stricter rules for gasoline, have sent

California Rejects Exxon’s Request to Truck Crude Oil

June 10, 2015

Damaged pipeline calls for alternative oil transport solution An emergency request made by ExxonMobil (ticker: XOM) to use tanker trucks to haul crude oil following the rupture of an oil pipe carrying its crude from offshore has been denied by officials in California. Santa Barbara County’s Planning and Development director rejected Exxon’s emergency permit application, saying it did not meet

Which is the Best State for Business?

May 13, 2015

Chief Executive Magazine Canvased CEOs across the U.S. to Create its 11th Annual Ranking Texas came in at the top of the list of “Best States for Business,” retaining its 2014 title. At the bottom in the eyes of CEOs is California, also retaining its 2014 spot. CEOs were asked to rank states they were familiar with on three categories:

Sage-Grouse Not “Threatened” in Nevada and California: Feds

April 21, 2015

Nine other Western States Still Not Out of the Woods The U.S. Fish and Wildlife Service (FWS) ruled today that the Bi-State population of greater sage-grouse, found in Nevada and California, does not require the protection of the Endangered Species Act (ESA). The U.S. Fish and Wildlife Service declared the Bi-State population of greater sage-grouse a Distinct Population Segment (DPS)

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