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Profit and Debt Pressures Spark Slowdown in Shale

Profit and Debt Pressures Spark Slowdown in Shale

    BY TOM OZIMEK Fracking insiders said that the dynamic growth of shale in recent years is suffering a slowdown as industry investors demand higher returns and lower debt. Shale producers such as Pioneer, Range Resources, EQT Corp, and Whiting Petroleum have reduced production targets and cut staff, aiming to meet investors’ bottom-line demands for more profit […]

Trump Goes After Another Obama-Era Reg As EPA Plans To Ease Rules Affecting Oil Companies

Trump Goes After Another Obama-Era Reg As EPA Plans To Ease Rules Affecting Oil Companies

  CHRIS WHITE TECH REPORTER   The Environmental Protection Agency announced Thursday a plan to loosen federal rules governing methane emissions, a move that could be a boon for some energy providers and setback for environmentalists, the agency said in a statement. The move will reverse standards set under President Barack Obama that require oil […]

Eber | The term “Big” looms great in Presidential politics

Eber | The term “Big” looms great in Presidential politics

  Richard Eber, California Political News and Views Richard Eber, Exclusive to the California Political News and Views When the words “Big Deal” are mentioned, we go back to the days of the TV game show presided over by Monty Hall.  Towards the end of the program one of the contestants on Let’s make a Deal had the […]

Trump Administration Releases Draft Study of Drilling and Fracking | California Central Coast Region

Trump Administration Releases Draft Study of Drilling and Fracking | California Central Coast Region

Los Padres ForestWatch  Press Release Public Comments Accepted Until June 10; Public Hearings Scheduled in San Luis Obispo, Santa Barbara, and Bakersfield Central Calif. – Amidst Earth Week celebrations throughout California’s central coast region, the Trump Administration has released a study seeking to open more than one million acres of federal land and mineral estate […]

“I Am Me: Artists’ Self-Portraits” | Opens at the Santa Paula Art Museum February 2

“I Am Me: Artists’ Self-Portraits” | Opens at the Santa Paula Art Museum February 2

Premiere Party: Saturday, February 2, 2019, from 4:00pm to 6:00pm. Admission to the premiere is $10.00 for museum members and $15.00 for non-members. “I Am Me: Artists’ Self-Portraits” will be on view February 2, 2019 through May 12, 2019. SANTA PAULA, CA – Who are you? That’s the question that artists were asked to consider […]

US Oil and Gas Reserves Reached Record Highs in 2017

US Oil and Gas Reserves Reached Record Highs in 2017

Jason Hopkins | Energy Investigator U.S. crude oil and natural gas reserves reached record highs in 2017, blowing past levels not seen in nearly half a century. Proved reserves of U.S. crude oil reached 39.2 billion barrels at the end of 2017, surpassing the previous record of 39 billion barrels set in 1970, according to data released […]

Hydraulic Fractuing | Still Misunderstood

Hydraulic Fractuing | Still Misunderstood

  By Jay Lehr and Tom Harris Just over a decade ago, America’s energy outlook was revolutionized by technological advances in hydraulic fracturing, commonly called ‘fracking.’ While fracking, the injection of high-pressure water, sand and chemicals into rock to force natural gas and oil to be released, has been used in vertical wells since 1947, new techniques […]

US Surpasses Saudi Arabia as the World’s Top Oil Producer

US Surpasses Saudi Arabia as the World’s Top Oil Producer

 By MICHAEL BASTASCH | Energy Editor . The U.S. surpassed Saudi Arabia to become the world’s largest producer of crude oil, according to preliminary estimates from the U.S. Energy Information Administration (EIA). “U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades,” EIA reported Wednesday. “In June and August, […]

Trails, Schools, and Conservation Lands Could be Opened for Oil Drilling, Fracking in Ventura County

Trails, Schools, and Conservation Lands Could be Opened for Oil Drilling, Fracking in Ventura County

Ventura County, Calif. – The Trump Administration is seeking to open nearly 28,000 acres of federal land and mineral estate in the county to fracking and oil drilling, according to an analysis of official GIS data performed by the local nonprofit watchdog organization Los Padres ForestWatch. The areas slated for drilling are part of a regional […]

‘GREEN’ California is More Reliant on Foreign Oil Than Ever Before

‘GREEN’ California is More Reliant on Foreign Oil Than Ever Before

 By MICHAEL BASTASCH | Contributor . California’s biggest source of crude oil imports is now Saudi Arabia with more than 98 million barrels in 2017. Environmentalists want Gov. Jerry Brown to stop issuing new oil and gas leases. However, that will only make California more reliant on foreign countries. There’s a growing call for California […]

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