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Venoco
Venoco, Inc. was a company engaged in hydrocarbon exploration. It primarily operated in the Monterey Formation in California. In 2017, the company filed bankruptcy and was liquidated. History The company was founded in September 1992 by Timothy Marquez. In 2005, the company sold Big Mineral Creek field for $45 million. In November 2006, the company became a public company via an initial public offering. In 2007, the company acquired the West Montalvo Oil Field from Berry Petroleum Company for $63 million; it was sold in 2014 to California Resources Corporation for $200 million. In 2011, the company spent $100 million to develop wells in the Monterey Formation. In 2012, the company became a privately held company after Timothy Marquez acquired the 49% of the company that he did not own. In 2015, the Refugio oil spill resulted in the closure of a pipeline upon which the company depended; as a result production was reduced by 50%. In March 2016, the company filed bankruptcy. O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refugio Oil Spill
The Refugio oil spill on May 19, 2015, deposited of crude oil onto one of the most biologically diverse areas of the West Coast of the United States. The corroded pipeline blamed for the spill closed indefinitely, resulting in financial impacts to the county estimated as high as $74 million as it and a related pipeline remained out of service for three years. The cost of the cleanup was estimated by the company to be $96 million with overall expenses including expected legal claims and potential settlements to be around $257 million. The oil spill, on the Gaviota Coast immediately north of Refugio State Beach in Santa Barbara County, California, originated in a diameter underground pipeline named Line 901 owned by Plains All American Pipeline. Crude oil produced by offshore platforms was transported from onshore receiving plants to another pipeline that transported the oil inland for processing. The oil pipeline operators in Midland, Texas had turned off an ala ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Montalvo Oil Field
The West Montalvo Oil Field is a large and productive oil field on the coast of Ventura County, California, in the United States, in and adjacent to the city of Oxnard, California. Discovered in 1947, it has produced approximately of oil, and retains about 2.2 million recoverable with current technology, in both the onshore and offshore areas. The offshore portion of the field is exploited from wells directionally drilled from onshore near McGrath Lake, from within an enclosure above the high-tide line at McGrath State Beach. The West Montalvo field was also the first dry natural gas field of commercial value to be discovered in Ventura County; in its lifetime it has produced over of gas. The field is owned and operated by California Resources Corporation. Setting The oil field underlies the portion of coastline just south of the outlet of the Santa Clara River (California), Santa Clara River, including several state and county parks (including McGrath State Beach, Mandalay St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monterey Formation
The Monterey Formation is an extensive Miocene oil-rich geological sedimentary formation in California, with outcrops of the formation in parts of the California Coast Ranges, Peninsular Ranges, and on some of California's off-shore islands. The type locality is near the city of Monterey, California. The Monterey Formation is the major source-rock for 37 to 38 billion barrels of oil in conventional traps such as sandstones. This is most of California's known oil resources. The Monterey has been extensively investigated and mapped for petroleum potential, and is of major importance for understanding the complex geological history of California. Its rocks are mostly highly siliceous strata that vary greatly in composition, stratigraphy, and tectono-stratigraphic history. The US Energy Information Administration (EIA) estimated in 2014 that the 1,750 square mile Monterey Formation could, as an unconventional resource, yield about 600 million barrels of oil, from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Information Administration
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. EIA programs cover data on coal, petroleum, natural gas, electric, renewable and nuclear energy. EIA is part of the U.S. Department of Energy. Background The Department of Energy Organization Act of 1977 established EIA as the primary federal government authority on energy statistics and analysis, building upon systems and organizations first established in 1974 following the oil market disruption of 1973. EIA conducts a comprehensive data collection program that covers the full spectrum of energy sources, end uses, and energy flows; generates short- and long-term domestic and international energy projections; and performs informative energy analyses. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lompoc Record
The ''Lompoc Record'' is a newspaper in the town of Lompoc, California. Donrey Media acquired the paper in 1979; it became part of the MediaNews Group-led California Media Partnership in 1999. Pulitzer bought the paper in 2001. Lee Enterprises Lee Enterprises, Inc. is a publicly traded American media company. It publishes 77 daily newspapers in 26 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is b ... bought Pulitzer in 2005 and was sold to Santa Maria News Media Inc. in March 2020. References External links * Weekly newspapers published in California 1875 establishments in California {{California-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santa Maria Valley AVA
The Santa Maria Valley is an American Viticultural Area (AVA) which straddles the boundary of Santa Barbara and San Luis Obispo counties in California's multi-county Central Coast AVA. It was established on August 5, 1981, by the Alcohol and Tobacco Tax and Trade Bureau (TTB) as California's second oldest AVA. A portion of the AVA crosses the Cuyama River into the southernmost corner of San Luis Obispo County. The east–west orientation of the with a wide, open valley and rolling hills means cool winds and fog flow in freely from the Pacific Ocean, settling most noticeably in lower-lying areas. The result is a mild Mediterranean climate that lengthens the growing season and contributes to the eventual sugar/acid balance in the grapes from Santa Maria Valley's cultivated vineyards. On January 28, 2011, the AVA was granted an expansion to its southern boundary. History Santa Maria Valley has a rich viticulture history in California. Grape-growing in the region dates back t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santa Ynez Valley AVA
The Santa Ynez Valley AVA is an American Viticultural Area located in Santa Barbara County, California and was established on May 16, 1983 by the Alcohol and Tobacco Tax and Trade Bureau (TTB). It is part of the larger Central Coast AVA, and contains the greatest concentration of wineries in Santa Barbara County. The valley is formed by the Purisima Hills and San Rafael Mountains to the north and the Santa Ynez Mountains to the south creating a long, east-west corridor with very cool temperatures on the coast that become progressively warmer inland. The Santa Ynez River flows east to west on the valley floor toward the Pacific Ocean. As of 2021, the Santa Ynez Valley contains four other established viticultural areas: Sta. Rita Hills on its western boundary; Ballard Canyon and Los Olivos District occupying the center region; and Happy Canyon on the eastern border. Chardonnay is the most planted grape variety in the cooler, western portion of the valley while Rhône Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santa Barbara County Board Of Supervisors
Santa Barbara County, California, officially the County of Santa Barbara, is located in Southern California. As of the 2020 census, the population was 448,229. The county seat is Santa Barbara, and the largest city is Santa Maria. Santa Barbara County comprises the Santa Maria-Santa Barbara, CA Metropolitan Statistical Area. Most of the county is part of the California Central Coast. Mainstays of the county's economy include engineering, resource extraction (particularly petroleum extraction and diatomaceous earth mining), winemaking, agriculture, and education. The software development and tourism industries are important employers in the southern part of the county. Southern Santa Barbara County is sometimes considered the northern cultural boundary of Southern California. History The Santa Barbara County area, including the Northern Channel Islands, was first settled by Native Americans at least 13,000 years ago. Evidence for a Paleoindian presence has been found in the fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bureau Of Ocean Energy Management
The Bureau of Ocean Energy Management (BOEM) is an agency within the United States Department of the Interior, established in 2010 by Secretarial Order. The Outer Continental Shelf Lands Act (OCSLA) states: "...the outer Continental Shelf is a vital national resource reserve held by the Federal Government for the public, which should be made available for expeditious and orderly development, subject to environmental safeguards, in a manner which is consistent with the maintenance of competition and other national needs." BOEM and its sister agency, the Bureau of Safety and Environmental Enforcement are the agencies to which this responsibility is delegated. They exercise the oil, gas, and renewable energy-related management functions formerly under the purview of the Minerals Management Service (MMS). Specifically, BOEM activities involve resource evaluation, planning, and leasing. Directors The agency's first director, serving from June 2010 to May 2014, was Tommy Beaudreau. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern California
Southern California (commonly shortened to SoCal) is a geographic and Cultural area, cultural region that generally comprises the southern portion of the U.S. state of California. It includes the Los Angeles metropolitan area, the second most populous urban agglomeration in the United States. The region generally contains ten of California's 58 counties: Imperial County, California, Imperial, Kern County, California, Kern, Los Angeles County, California, Los Angeles, Orange County, California, Orange, Riverside County, California, Riverside, San Bernardino County, California, San Bernardino, San Diego County, California, San Diego, Santa Barbara County, California, Santa Barbara, San Luis Obispo County, California, San Luis Obispo and Ventura County, California, Ventura counties. The Colorado Desert and the Colorado River are located on Southern California's eastern border with Arizona, and San Bernardino County shares a border with Nevada to the northeast. Southern California's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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