California Resources Corp., which was recently spun off from Occidental Petroleum Corp., has put its plans for a major well drilling project in Carson on hold because of low oil prices. The company, which had been planning to drill up … Continue reading
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The California Department of Conservation (DOC) released a Draft Environmental Impact Report on Jan. 14 regarding the use of oil and gas well stimulation treatments in California. This began a 62-day public comment period, which will include six meetings around … Continue reading
Scientists from the California Council on Science and Technology (CCST) and Berkeley’s Lawrence National Laboratory released the first volume of an independent scientific assessment of well stimulation in California, including hydraulic fracturing. Among its findings: fracked wells in California tend … Continue reading
Chevron Corporation (NYSE: CVX) announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is the second discovery in the deepwater Gulf for San Ramon-based Chevron in less than a year. “The Anchor … Continue reading
The Office of Administrative Law (OAL) filed final proposed SB4 regulations on well stimulation treatments with the Office of the Secretary of State on Dec. 30, 2014. The regulations become effective on July 1, 2015. The regulations and related documents … Continue reading
The Supreme Court settled a nearly 70-year-old dispute on Monday, Dec. 15, about the undersea boundary between California and federal territory. The ruling will help resolve conflicting claims over oil and gas leases and prevent future litigation, federal and state … Continue reading