Santa Barbara OKs Exemptions To Anti-Fracking Measure

The Santa Barbara County Board of Supervisors, by a 3-to-2 vote Oct. 7, approved ordinances aimed at exempting the 1,200 oil and gas wells now operating in unincorporated areas of the County from an anti-fracking measure voters will consider in November.

Known as Measure P, the proposal would ban “high-intensity petroleum operations,” which it defines as hydraulic fracturing, acid well stimulation treatment, cyclical steam injection, and the injection of solvents, acids and other chemicals. Proponents claim the measure (titled “The Healthy Air and Water Initiative to Ban Fracking”) will protect air quality and water supplies.

Supervisors at the meeting acknowledged that the measure, if passed, could trigger lawsuits by well owners and operators arguing that such a ban amounts to an unconstitutional “taking” of their property, and denial of vested rights in their property.

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Chevron Earnings Conference Call Oct. 31

San Ramon, CA — Chevron Corporation (NYSE:CVX) announced that it will hold its third quarter earnings conference call on Friday, October 31, 2014, at 11:00 a.m. ET (8:00 a.m. PT).

Shareholders and others can access the conference call in listen-only mode by dialing 703-639-1116 or 866-219-5256, then keying in the Conference ID #: 1644851.

The Conference Call will also be webcast on www.Chevron.com, under the “Investors” section, and available there for replay later.

Hydraulic Fracturing Forum Sept. 23 at CSU-Fullerton

A panel discussion on hydraulic fracturing will be held at 6:00 p.m. on Tuesday, September 23, at California State University–Fullerton. The California Independent Petroleum Association (CIPA)  is encouraging its members to attend and participate.

The symposium will be presented at Titan Student Union at Cal State Fullerton. Admission and parking is free. Those wishing to attend can RSVP online. Questions can be submitted beforehand, or at the event.

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Report on Fracking Available from CCST

The California Council on Science and Technology, which authored the report on which the Bureau of Land Management based its decision to resume auctions of oil and gas leases on federal lands in California, has released the report online.

“Responsible decision making requires good science to balance economic potential with environmental concerns,” CCST Executive Director, Dr. Susan Hackwood said in a statement. “This report provides the most objective, up-to-date, peer-reviewed assessment available to inform thoughtful policy making in California, while also characterizing issues that require further study.”

The CCST released both the full 400-page report and a 32-page Executive Summary. Both can be downloaded via the links provided here, or from the CCST website.

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BLM To Resume Oil Leases In California

The U.S. Bureau of Land Management announced Thursday, August 28th, that it will resume auctioning oil and gas leases on federal land in California. The resumption of leasing, halted in 2012, was made possible by a scientific study showing no instances of harm caused by hydraulic fracturing (“fracking”) and other well stimulation activities.

Leasing activity will begin in 2015, the agency said.

Auctions of leases stopped after the agency was sued by the Center for Biological Diversity and the Sierra Club, which claimed the BLM had failed to consider environmental effects of drilling.

The BLM announcement said the change reflected the findings of a study by the California Council on Science and Technology (CCST), a research organization established by the state legislature to advise regulators and legislators. The study was peer reviewed by the US Geological Survey.

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Mexico Speeds Up Energy Overhaul

Mexico’s President Enrique Peña Nieto took steps on Monday, August 10th, that will hasten by about a month the opening of his nation’s energy sector to foreign companies.

Peña Nieto said his government will specify this week which of Mexico’s oil and gas fields would be opened to bids by foreign companies, and which will be reserved for use by Pemex (Petroleos Mexicanos), the national oil company.

This move will enable foreign companies to obtain information a month earlier than expected so they can prepare their bids. The first round of bidding is set for early 2015.

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