Post Tagged with: "california"

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

RarePetro


Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

RarePetro

Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any

May 29, 2020 - 11:25 am Capital Markets, Crude Oil Storage, OPEC
Colorado Joins California in Requiring Automakers to Sell More Electric Cars

Colorado Joins California in Requiring Automakers to Sell More Electric Cars

From CNBC


Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state.

The new rule was passed by Colorado’s air-quality commission by a vote of 8 to 1 on …

Source: Amplify Energy

Shareholders of Amplify Energy and Midstates Petroleum Greenlight Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval
Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced

Source: PBF Energy

PBF Energy Snags Martinez Refinery from Shell

~$1 billion transaction to boost PBF’s production volume by 157,000 BOPD
PBF Energy Inc. (stock ticker: PBF) has signed an agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US to purchase the Martinez refinery, located in Martinez, California, for

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

CEOs rank Texas at the top, California at the bottom

Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.

In the executive summary of

May 16, 2019 - 1:09 pm Closing Bell Story‎, Economy, Jobs
Lackawana Energy Center Project Rendering. Source: http://lackawannaenergy.com/

Natural Gas Power Plant Retirements Accelerate in California

From UCS

As the rest of the country rushes to build natural gas power plants, California continues to downsize its fleet. While the official numbers are not yet in, 2018 appears to have been a big year for natural gas …

Venezuelan Sanctions Support Californian Oil

Venezuelan Sanctions Support Californian Oil

From Bloomberg

California doesn’t usually come to mind when talking about the U.S. oil boom, but the state’s oil is commanding an increasingly large premium amid an international shortfall of dense, high-sulfur crude.

Refiners in the Golden State have been …

February 19, 2019 - 5:10 pm Closing Bell Story‎, Crude Oil News, Energy News
Alaska, California Rig Counts Surge

Alaska, California Rig Counts Surge

Overall Rig Count Up Four
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity expanded in the U.S. this week, partially making up for the decline seen last week, according to Baker Hughes.

A net four rigs began drilling

California Drilling Plummets

California Drilling Plummets

Eight rigs shut down, all targeting oil
Drilling activity declined this week, countering two weeks of expansion according to Baker Hughes’ Weekly Rig Count.

A net eight rigs shut down this week, leaving 1,075 rigs active. This is even with

California Regulators to Consider PG&E Breakup, Conversion to Private Utility

California Regulators to Consider PG&E Breakup, Conversion to Private Utility

California regulators to consider PG&E breakup, converison to private utility

December 28, 2018 - 6:00 am Closing Bell Story‎, Press Releases
In 10 States Wind and Solar Output Exceeds 20% of Total Power Generated – Iowa, Kansas Jump to 50%

In 10 States Wind and Solar Output Exceeds 20% of Total Power Generated – Iowa, Kansas Jump to 50%

Wind and solar generation are steadily growing in the U.S.

According to a new report released by the U.S. Energy Information Administration (EIA), wind and solar electric generation reached or exceeded 20% of total generation in 10 states in 2017.

Governance: New Law Requires 684 Women on Calif. Public Company Boards by 2021

Governance: New Law Requires 684 Women on Calif. Public Company Boards by 2021

Gov. Jerry Brown signed bill requiring California corporate boards to include women

From the Los Angeles Times 

Gov. Jerry Brown on Sunday signed a bill into law that makes California the first state to require corporate boards of directors to …

October 1, 2018 - 10:56 am Closing Bell Story‎, Corporate Governance, Energy News, Law
Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

From the Mercury News

In a move aimed at stopping President Trump’s plans to expand offshore oil drilling along the California coast, Gov. Jerry Brown on Saturday signed two laws that prohibit construction of new pipelines that could bring the …

September 10, 2018 - 8:55 am Closing Bell Story‎, Energy News, Politics & Opinions
Replace 3 Gas Plants with Energy Storage? California PUC Votes Jan. 11

Replace 3 Gas Plants with Energy Storage? California PUC Votes Jan. 11

From Utility Dive

California regulators next month will consider a plan to replace three natural gas-fired power plants with energy storage, significantly building on the state’s apparent comfort with batteries as grid solutions.

The California Public Utilities Commission (CPUC) …

December 21, 2017 - 9:55 am Closing Bell Story‎, Energy News
Petroleum Industry Contributes $148 Billion to California’s Economy

Petroleum Industry Contributes $148 Billion to California’s Economy

Petroleum industry’s total economic value for California—larger than 15 U.S. state economies

A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil and gas industry’s sizable economic and fiscal impacts on California’s …

June 8, 2017 - 2:54 pm Closing Bell Story‎, Jobs, Oil and Gas 360 Articles
Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million.

The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) …

Freeport-McMoRan Sells another Chunk of its Oil & Gas Assets for $742 Million

Freeport-McMoRan Sells another Chunk of its Oil & Gas Assets for $742 Million

Freeport-McMoRan severs its California onshore assets, price tied to Brent futures

Freeport-McMoRan (ticker: FCX) announced today a purchase and sale agreement to sell its onshore California oil and gas properties to Sentinel Peak Resources California LLC for total consideration of …

Exclusive Interview with Stephen Brunner, President, Petro River Oil

Exclusive Interview with Stephen Brunner, President, Petro River Oil

Conventional wells, prolific areas, and low cost structure are the staples of Petro River: Brunner

Petro River Oil’s President Stephen Brunner spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Brunner talked about …

Petro River Oil Corporation – Day One Breakout Notes

Petro River Oil Corporation – Day One Breakout Notes

Petro River Oil presents at EnerCom’s The Oil & Gas Conference®

 During Petro River Oil’s breakout session, management was asked the following questions:

  • Do you envision being a company giving a steady dividend?
  • I think you have an $18 million
California Drops 50% Oil Cut from Senate Bill

California Drops 50% Oil Cut from Senate Bill

The California Senate removed requirements for a 50% reduction in petroleum use from SB 350

The California legislature passed a law today setting higher renewable energy use and fuel standards, but without a portion of the bill that would have …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

United States Gasoline Prices Lowest Since 2009… Except in California

California gas prices $0.95 above national averages

Nationally, the average price of a gallon of gas is just $2.77. But the average price in California is $3.72, with average prices in the L.A. area even higher at $4.05/gal, the Automobile …

July 14, 2015 - 6:53 pm Downstream, Oil and Gas 360 Articles
California Rejects Exxon’s Request to Truck Crude Oil

California Rejects Exxon’s Request to Truck Crude Oil

Damaged pipeline calls for alternative oil transport solutionXOM California Oil Spill

An emergency request made by ExxonMobil (ticker: XOM) to use tanker trucks to haul crude oil following the rupture of an oil pipe carrying its crude from offshore has been denied by …

June 10, 2015 - 4:36 pm Midstream, Offshore, Oil and Gas 360 Articles
Which is the Best State for Business?

Which is the Best State for Business?

Chief Executive Magazine Canvased CEOs across the U.S. to Create its 11th Annual Ranking

Texas came in at the top of the list of “Best States for Business,” retaining its 2014 title. At the bottom in the eyes of …

Sage-Grouse Not “Threatened” in Nevada and California: Feds

Sage-Grouse Not “Threatened” in Nevada and California: Feds

Nine other Western States Still Not Out of the Woods

The U.S. Fish and Wildlife Service (FWS) ruled today that the Bi-State population of greater sage-grouse, found in Nevada and California, does not require the protection of the Endangered Species …

California Fracing Bill Could Slow Monterey Shale Production

California Fracing Bill Could Slow Monterey Shale Production

On September 11, 2013, the California Assembly passed a law attempting to regulate fracing in the state’s Monterey shale.

The bill, listed as Senate Bill 4 (SB 4), will go into effect on January 1, 2015. SB 4 will …

September 13, 2013 - 4:14 pm Fracing, Oil and Gas 360 Articles, Regulatory