For years, Westwood oil giant Occidental Petroleum Corp. has positioned itself as the biggest beneficiary of California’s massive Monterey shale oil formation. The company claims that 7 billion ...

Adam Sieminski must be feeling the heat! By slashing the estimated amount of recoverable oil buried in California’s vast Monterey Shale deposits by 96 percent, from 13.7 billion barrels of recoverable ...

The highly fractured Monterey play contains more oil than any other US shale formation, according to government estimates, but it has confounded operators and overall production from the play remains ...

These days people all over the world flock to California for the gorgeous beaches, palm trees and the laid back attitude many of us envy everywhere else. But what many of us don’t realize is that ...

US consultancy Intek estimated the technically recoverable shale reserves of the Lower 48 states in the US at 23.9 billion barrels. For its study, the company looked at 29 different areas in 20 ...

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WASHINGTON, April 4 (Reuters) - Republican lawmakers said on Friday over regulation has prevented a shale oil boom in California and if eased, could boost production in the state and reduce its ...