Camarillo-based BNK Petroleum Inc., an oil and gas exploration and production company, announced that it has agreed to sell most of its holdings in Oklahoma’s Tishomingo Field to Exxon Mobil Corp for $147.5 million. The deal is expected to close in late … Continue reading
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By Dennis Luna, J.D., P.E. Development of the Monterey Shale could, over the next seven years, add 512,000 to 2.8 million new, high-paying jobs in California, increase income of the state’s residents by over $220 billion, and generate $24 billion … Continue reading
By Olman J. Valverde Oil and gas resources often lie under many different parcels of land, with different owners, especially in urban areas. What happens when the owners of most of the property in an oil field want to proceed … Continue reading
By Dennis Luna, J.D., P.E. A Los Angeles Superior Court judge may soon determine whether the City of Whittier will receive up to $100 million per year from the proposed return to production of a century-old oil field. The potential … Continue reading
By Dennis Luna, J.D., P.E. California’s huge and largely untapped Monterey shale oil field gives the state the potential to become a much larger producer and exporter of oil and gas, creating up to $1 trillion in new business and … Continue reading
By Mike Flores & Olman J. Valverde, Esq. Law Offices of Luna & Glushon The Division of Oil, Gas, and Geothermal Resources (“DOGGR”) on December 18, 2012, released a highly anticipated “discussion draft” of regulations that pertain to DOGGR’s oversight … Continue reading