Today’s Top Story:
Monterey County’s moratorium on new federal oil and gas leases will remain in place for another two years until the Bureau of Land Management finishes its environmental review of the impacts of oil production in the area. The BLM commissioned the report after a federal court ruled that it had been illegally selling oil leases without conducting the necessary environmental reviews. (Monterey Herald)
Oil leases off in Monterey and San Benito counties until 2016, feds say
A moratorium on new federal oil and gas leases in Monterey County will remain in place for another two years, according to court filings in an ongoing federal lawsuit. A federal review of the environmental impacts of oil production, including hydraulic fracturing, will take until October 2016, the Bureau of Land Management said in court papers
Expensive fight over anti-fracking Measure P in Santa Barbara County
The latest campaign finance figures from the California Secretary of State’s office and the Santa Barbara County Clerk-Recorder show the battle over fracking is a costly one on the Central Coast. And, the contributors footing most of the bill are big oil companies.
GE Unit Lead-Arranges $200 Million Senior Debt Facility in One of the Largest Producing Oil Fields in the US
GE Energy Financial Services has arranged a senior secured revolving credit facility for All American Oil & Gas, Inc. to refinance debt and fund reserve development in the Bakersfield, California, Kern River Oil Field.