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]
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...
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...
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...
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...
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...
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 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 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...
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”...
Los Angeles County Assessor Jeffrey Prang released the 2020 Annual Report, reflecting growth and increases in the assessed value of all taxable real property and business personal property countywide. The report includes an updated ranking of the County’s 88 cities, including the highest valued cities and those with the highest percentage change from the prior year.
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.
