The board of directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of 
$1.07 per share, payable September 10, 2015, to holders of the San Ramon-based company’s common stock as of August 19, 2015.
In May Chevron reported earnings for the first quarter of 2015 of $2.6 billion, or $1.37 per share, on revenues of $32 billion. This compares with earnings for the same quarter a year earlier of $4.5 billion, or $2.36 per share, on revenues of $51 billion.
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After excluding foreign companies for 75 years, Mexico began implementing sweeping reforms in 2013-2014 to open its energy industry and “kick-start its production of oil and gas by attracting significant outside investment.”
Attorneys Dennis R. Luna, Editor-in-Chief of the California Oil & Gas Report, and Olman Valverde, both of the Los Angeles law firm Luna & Glushon, explain the sweeping reforms implemented by Mexico in an article in the current issue of “Latino Journal.”
The article reviews the public-private partnerships that will have a major role in exploration, extraction and production, as well as refining, natural gas processing, distribution and other functions in oil, natural gas and other hydrocarbon products.
Mexico held its first auction in 77 years in which foreign companies could bid on drilling rights, but 
most of the major oil companies chose to stay on the sidelines.
A consortium including Sierra Oil & Gas, a Mexican company, Houston-based Talos Energy LLC and Britain’s Premier Oil placed the winning bids on two of the 14 blocks put up for auction in the first of five phases of Round One of the auction.
Kern County has released a draft Environmental Impact Report (EIR) that would change the county’s oil and gas ordinances to allow quicker review of CEQA challenges, streamline DOGGR reviews of drilling activity, and fund regional projects to improve local air quality.
Blair Knox of the California Independent Petroleum Association, noted that Kern County operates as a by-right county for oil and gas operations, one of only four California jurisdictions that do so.
The four-year drought that has gripped California is adding to the pressure on oil and gas producers in the state to find ways to recycle the billions of gallons of wastewater produced from their wells.
The producers generate over 92 billion gallons of produced water, much of which is brackish and contaminated by traces of petrochemicals and chemicals used for hydraulic fracking. Most of the water is pumped back deep underground, into 50,000 disposal wells.
Chevron Corp. said that tests of the recycled oil field wastewater it sells to farmers in Kern County meets water quality standards, and does not contain contaminants an advocacy group claimed it found.
After treating it, Chevron provides 21 million gallons of the wastewater per day to the Cawelo Water District, which distributes it to 90 farms in the area for agricultural irrigation.
