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 receivable on your balance sheet; How did that come about? And do you think you will realize it? Your interest
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 called for a 50% reduction in petroleum use by 2030. The bill, Senate Bill 350, prompted a backlash from the
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 Club of Southern California told the LA Times. Problems with refining, along with California’s stricter rules for gasoline, have sent
Damaged pipeline calls for alternative oil transport solution 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 officials in California. Santa Barbara County’s Planning and Development director rejected Exxon’s emergency permit application, saying it did not meet
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 CEOs is California, also retaining its 2014 spot. CEOs were asked to rank states they were familiar with on three categories:
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 Act (ESA). The U.S. Fish and Wildlife Service declared the Bi-State population of greater sage-grouse a Distinct Population Segment (DPS)
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 require companies to apply for a fracing permit, disclose what chemicals and well stimulation fluids they were using, and notify local
