header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
April 12
1738 - Fr. Francisco Garcés born in Spain; came through SCV in 1776, found Tataviam fighting with Coastal Chumash, observed Santa Clara River flowing by night and dry by day despite the season being spring [story]
Garces statue


LOCAL BUSINESS
Placerita Oilfield Owner Files for Chapter 11 Protection; Berry Creditors Vow Fight
Friday, May 13, 2016

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...

Projected Value of Placerita Oilfield Owner’s Shares: Zero
Sunday, Feb 14, 2016

LINN Energy LLC, the nose-diving owner of the company that operates the Placerita Oil Field, took another hit Friday when another analyst downgraded its shares to “sell” and said bankruptcy is right around the corner. “We believe the company will likely file for Chapter 11 after the next round...

Millions in Store for Oil Company Execs If They Stay
Monday, Feb 8, 2016

CEO Mark E. Ellis will receive up to $6.9 million this year in cash bonuses, and other executives will receive millions if they stay through the coming restructuring of their oil company. Floundering over the last two years as world oil prices have plummeted, late last week LINN Energy, the Houston-based...

Oil Price Decline Could Spell BK for Placerita Field Owner
Saturday, Feb 6, 2016

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 Oil Field Has New Owners
Tuesday, Dec 17, 2013

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...

Independent Expert Group Advises Berry Shareholders to Vote for Merger
Wednesday, Dec 4, 2013

Berry Petroleum Co., owner of the Placerita oil field and other oil properties in Kern County, West Texas, Utah and Colorado, announced Wednesday that the leading independent proxy voting advisory firm Institutional Shareholder Services has recommended that Berry stockholders vote for the proposed merger...

SEC Authorizes Buyout of Placerita Oilfield Owner; Shareholders to Vote
Sunday, Nov 24, 2013

Five months after it was expected to be finalized, the proposed buyout of Berry Petroleum Co., owner of the Placerita oil field off of Sierra Highway in Newhall (and larger oil and gas properties in Kern County, Colorado, Utah and West Texas), can go forward, if shareholders approve the deal next month. The...

Linn Sweetens Pot for Placerita Oilfield Shareholders
Tuesday, Nov 5, 2013

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)...

Berry Boosts Oil Production by 12% as Merger Awaits
Wednesday, Sep 4, 2013

Berry Petroleum Co., owner of the Placerita oil field off of Sierra Highway – and significantly larger fields in Kern County, West Texas, Utah and Colorado – posted adjusted second-quarter profits of $41 million (73 cents per diluted share), dead-even with the year-ago figure and up markedly from...

Litigators Latch On to Berry Petroleum Sale
Friday, Feb 22, 2013

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”...

LOCAL BUSINESS LINKS
FINANCIALS OF LOCAL INTEREST
MARKETS & METALS
CURRENCY CONVERTER

Newest Additions to SCVNews.com
1738 - Fr. Francisco Garcés born in Spain; came through SCV in 1776, found Tataviam fighting with Coastal Chumash, observed Santa Clara River flowing by night and dry by day despite the season being spring [story]
Garces statue
Have you ever wanted to journey to another country to experience an array of new and unique cultures and customs?
Jason Gibbs | Explore the World at Celebrate!
With a birdie on the final hole, Jonathan Larson won the The Master's University Spring Invitational and lifted The Master's men's team to an 11-stroke victory at the Crystalaire Country Club in Llano, Calif. Tuesday.
Larson Lifts Mustangs to Victory at Spring Invitational
SACRAMENTO, Calif. (CN) — A bill that would allow California poll workers and voters to sue over election intimidation is advancing through the Legislature after a Wednesday vote.
Bill Allowing California Poll Workers to Sue Over Intimidation Advances
College of the Canyons moved its win streak to four games after taking down visiting Antelope Valley College by a 14-12 final score in a back-and-forth game at Mike Gillespie Field on Tuesday.
Cougars Survive Slugfest Against AVC 14-12
The Santa Clarita Valley Water Agency regular board meeting will be held Tuesday, April 16, at 6 p.m.
April 16: SCV Water Public Hearing on Mandatory Recycled Water Ordinance
The Santa Clarita Valley Water Agency’s Public Outreach and Legislation Committee is holding an in-person meeting Thursday, April 18, at 5:30 p.m.
April 18: SCV Water Public Outreach, Legislation Committee Meeting
Offering a look into Los Angeles through his eyes, photographer and director Estevan Oriol will talk about his journey as an artist and his photography during a visit next week to California State University, Northridge. 
Celebrated Photographer Estevan Oriol to Speak at CSUN
Join the Santa Clarita Valley Chamber of Commerce Wednesday, April 17, for an unforgettable evening of networking and fun at Sand Canyon Country Club, located in the picturesque foothills of the Angeles National Forest.
April 17: SCV Chamber After Hours Mixer
California State Sen. Scott Wilk, R-Santa Clarita, announced Thursday his bill to help reduce overcrowding at animal shelters across the state, by expanding access to low and no-cost spay/neuter services, was approved in the Senate Education Committee.
Wilk’s Animal Shelter Overcrowding Bill Clears First Hurdle
City of Santa Clarita residents are invited to register for the Neighborhood Cleanup taking place on Saturday, April 27, and join the City in removing litter from their local neighborhoods.
Pre-Register Now for 2024 Neighborhood Cleanup Day
College of the Canyons student-athletes Nicole Lerma (women's swim and dive) and Domenik Cervantes (baseball) have been named the COC Athletic Department's Women's and Men's Student-Athletes of the Week for the period running April 1-6.
COC Names Nicole Lerma, Domenik Cervantes Athletes of the Week
In celebration of Earth Day, Los Angeles County Beaches and Harbors is partnering with Heal the Bay to host Kids Beach Cleanup event at Dockweiler Beach on Saturday, April 13, from 9 a.m. to 12 p.m., rain or shine.  
April 13: L.A. County’s Kids Beach Cleanup
1987 - Ramona Chapel and Red Schoolhouse relocated to Santa Clarita History Center in Hart Park [story]
Red Schoolhouse
The city of Santa Clarita hosting several art exhibits, as well as seeking artists for an upcoming gallery.
Call for Art, Upcoming Arts Exhibitions
The Los Angeles County Department of Public Health cautions residents who are planning to visit the below Los Angeles County beaches to avoid swimming, surfing, and playing in ocean waters:
Ocean Water Warning for April 10
Circle K will offer 40 cents off per gallon of fuel between 4 and 7 p.m. local time Thursday, April 11 during Circle K Fuel Day Pop-Up and 50% off on car washes all day at over 200 participating Circle K locations including Los Angeles.
April 11: Spring into Savings with 40 Cents Off Gas at Circle K
This third study by SMU DataArts analyzing the demographic makeup of the arts and cultural workforce in L.A. County finds a significant shift toward greater racial and ethnic diversity since 2019, particularly at the leadership level.
County Releases Data on Arts and Culture Workforce
The William S. Hart Union High School District is proud to announce that Nicole Jolicoeur, Rio Norte Junior High School Special Education Teacher, has been selected as the 2024/25 Hart District Teacher of the Year.
Nicole Jolicoeur Selected As 2024/25 Hart District Teacher of the Year
The SCV Aerospace & Defense Forum is partnering with ITT Aerospace to hold a networking breakfast and site tour of their Valencia facility.
April 16: SCV Aerospace & Defense Forum to host ITT Aerospace Tour
The Santa Clarita Valley Economic Development Corporation has released their Q4 2023 Economic Snapshot. 
SCVEDC Releases Economic Snapshot for Q4 2023
The Golden Valley High School Performing Arts Department presents cult favorite Little Shop of Horrors, a musical about a flower shop in a rough and rundown neighborhood that is taken over by a flesh-eating plant from outer space.
April 17: Golden Valley Presents ‘Little Shop of Horrors’
The Los Angeles County Board of Supervisors unanimously approved a motion introduced by Supervisor Kathryn Barger and co-authored by Supervisor Hilda L. Solis to commemorate the 109th anniversary of the Armenian Genocide by proclaiming April 24, 2024 as Armenian Genocide Remembrance Day. 
April 24: Supes Proclaim Armenian Genocide Remembrance Day
1909 - Oil Pioneer Wallace L. Hardison killed in collision with train [story]
Wallace Hardison
SCVNews.com