Land Use,
Environmental & Energy
Aug. 30, 2022
State doesn’t owe oil company for facility it abandoned
“The bottom line is that Venoco created an emergency when it threatened to leave unmanned a facility that required constant monitoring to ensure public safety. It cannot now claim that it is owed payment when the State responded accordingly,” U.S. Bankruptcy Judge John T. Dorsey wrote.
The California State Lands Commission does not have to pay for taking over a gas treatment facility in Santa Barbara County after the company that had the lease fell into bankruptcy in 2017, a judge in Delaware ruled.
“The bottom line is that Venoco created an emergency when it threatened to leave unmanned a facility that required constant monitoring to ensure public safety. It cannot now claim that it is owed payment when the State respo...
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