1873 - Santa Barbara lawyers Charles Fernald and J.T. Richards purchase Rancho San Francisco (75 square miles of SCV) for $33,000, or 69 cents an acre, in a sheriff's sale [story]
Bakersfield, Calif. – Berry Petroleum Company LLC successfully emerged from bankruptcy Wednesday following confirmation of its Chapter 11 plan of reorganization by the Honorable Judge David R. Jones of the U.S. Bankruptcy Court for the District of Texas in January. Financially restructured,...
As expected, Houston-based LINN Energy LLC, along with affiliate LinnCo and their subsidiary Berry Petroleum Co., filed for Chapter 11 bankruptcy protection this week.
One of the 20 largest U.S. oil and gas producers, the companies carry $9.3 billion in debt. While oil prices have rebounded somewhat...
Excerpt from LINN’S filing (see full narrative below):
The Annual Report on Form 10-K of Linn Energy, LLC (the “Company”) for the year ended December 31, 2015, could not be filed with the Securities and Exchange Commission within the prescribed time period without unreasonable effort or expense,...
LINN Energy LLC and its affiliate LinnCo, parent owners of the Placerita Canyon oil field, announced late last week they’ve “initiated a process to explore strategic alternatives” and have zeroed out their $3.6 billion credit facility, withdrawing the last $919 million for “general corporate...
Placerita operations off of Sierra Highway. (SCVTV)
Berry Petroleum Co. shareholders voted Monday to accept a buyout offer with an estimated value of $4.9 billion from Houston-based LINN Energy and LinnCo, which becomes the 12th largest U.S. oil and gas company with the merger. LINN and LinnCo shareholders...
Linn Energy LLC is offering approximately $600 million more to buy Berry Petroleum Co., under a merger deal announced Monday by both companies.
Linn, based in Houston, is one of the nation’s top-15 oil and natural gas producers. Berry owns the Placerita oilfield (off of Sierra Highway in Newhall)...
In the aftermath of Thursday’s announcement that Berry Petroleum Co.’s board of directors has agreed to sell the company to to Linn Energy in an all-stock transaction valued at nearly 20 percent over Berry’s then-current trading price, several law firms said Friday they’re “investigating”...
Berry Petroleum Co., the Denver-based owner of the Placerita oil field on Sierra Highway – with much bigger petroleum operations in Kern County, Utah, West Texas and Colorado – is being bought by an affiliate of Houston-based Linn Energy, one of the nation’s top 15 oil and natural gas companies.
The...
For the second year, Los Angeles County Sheriff’s Department personnel were given the opportunity to trade out their regular patches for pink ones for October, in honor of Breast Cancer Awareness Month.
Air quality in the Santa Clarita Valley will be unhealthy for sensitive groups/individuals Tuesday, Oct. 20, according to the South Coast Air Quality Management District forecast.
1873 - Santa Barbara lawyers Charles Fernald and J.T. Richards purchase Rancho San Francisco (75 square miles of SCV) for $33,000, or 69 cents an acre, in a sheriff's sale [story]
The Los Angeles County Department of Public Health on Monday confirmed 1 new death and 923 new positive cases of COVID-19, as the Santa Clarita Valley counts 6,782 confirmed COVID-19 cases and 70 deaths from the virus since the World Health Organization declared the pandemic on March 11.
Festival of Trees, Santa Clarita’s premier kickoff to the holiday season and annual benefit for the Boys & Girls Club of Santa Clarita Valley, will continue in person and online this year from November 18-24.
SCV school districts have prepared the necessary paperwork to submit in-school waivers, which would allow lower grade levels to return to campus, but the higher grade levels will have to wait for the county to allow it.
Governor Gavin Newsom Monday named a group of nationally acclaimed California physician-scientists with expertise in immunization and public health to the state’s COVID-19 Scientific Safety Review Workgroup.
From packaging to logistics, a group of Global Prep Academy students set up a zero-cost, pandemic relief supply operation for homeless individuals and low-income families in the Santa Clarita Valley.
The city of Santa Clarita has been awarded the prestigious 25th Annual Achievement of Excellence in Procurement for 2020 from the National Procurement Institute Inc.
To reduce teen distracted driving, the California Highway Patrol has partnered with Impact Teen Drivers to teach positive habits and behaviors to our most vulnerable drivers through education and enforcement.
After 47 years in business, Maria’s Italian Deli in Newhall closed its doors under the operation of its second owners, but Maria Simione, who opened the business and still owns the property, said Saturday she’s hopeful for a new chapter.
The city of Santa Clarita received the District Transparency Certificate of Excellence by the Special District Leadership Foundation (SDLF) in recognition of its outstanding efforts to promote transparency and good governance
The Los Angeles County Department of Public Health on Friday confirmed 27 new deaths and 1,072 new positive cases of COVID-19, including 41 new cases in the Santa Clarita Valley.
Governor Gavin Newsom announced Friday afternoon that the president has approved California’s request for a Major Disaster Declaration to bolster the state’s emergency response to wildfires across the state.
Los Angeles County Sheriff's Department detectives are seeking the public's help to identify an unmasked alleged criminal threats suspect accused of pulling a knife on a liquor store clerk.
