Featured Image

Venoco Bankrupt

Posted by admin

Wow!  Our venerable, longtime offshore and coastal oil and gas producer here in Ventura and Santa Barbara–Venoco–has shuttered operations and is entering bankruptcy.  On Monday (April 17, 2017), Venoco filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court for the District of Delaware. This was their second filing within the past year for Bankruptcy protection, but all… Read more »

Featured Image

Line 96

Posted by admin

Unstranding Stranded Oil Venoco’s Ellwood Onshore Facility and Mobile Line 96 has had a bunch of pent up oil since the May 19 pipeline break (and associated shutdown) of the Plains All American Pipeline.  Shutting down the Plains All American main pipeline stranded oil in upstream feeder lines.  Venoco was finally granted permission to use… Read more »