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Full financial assurances from buyers for well clean-up costs have stalled all 37 proposed oil well sales in 2023. 41% of California's wells are idle or orphaned, with clean-up costs estimated at ...
July 13 (Reuters) - California ... the center of the state's oil industry. CalGEM is processing far more approvals to permanently close wells than for any other activity, the agency said.
California state regulators announced Tuesday their plans to cap orphaned oil wells across the state, including wells in a South Central Los Angeles residential neighborhood near USC that caused ...
The California Department of Conservation is facing heavy criticism after it determined a colossal merger of two oil and gas companies is exempt from a state law designed to ensure depleted wells ...
California Resources Corporation filed a $30 million bond for cleanup costs with the state in December 2023, the maximum amount under the law at the time. Meanwhile, the state is taking more steps ...
A person looks over the Chevron Kern River Oil Field in Bakersfield on May 9, 2023. The California Independent ... The 2022 law, SB 1137, banned new oil wells and re-drills within 3,200 feet ...
Gonzalez, a Democrat from Long Beach, has expressed frustration at the delay and the toll it will take on communities affected by California oil wells, noting that if state agencies are ...
Subscribe to CalMatters today for nonprofit news in your inbox. California will accelerate cleanup of the state’s idle oil wells, shut down one low-producing oilfield and allow cities and ...
A new California law just signed by Gov. Gavin Newsom aims to close loopholes that have allowed oil drillers to walk away from wells that are no longer profitable but remain harmful. Oil majors ...
Law Limiting New Oil Wells in California Set to Take Effect After Industry Withdraws Referendum SACRAMENTO, Calif. (AP) — A California law that bans drilling new oil wells near places like homes ...