At his home in Pasadena, high schooler Atticus Jackson frantically shoved his belongings into his car as the sky turned a deep orange. A few hundred feet away, the fire climbed up the mountain and a cloud of red and gray smoke obscured the view.
Viper owns mineral and royalty interests, primarily in the Permian Basin. Royalty owners collect a percentage of production revenue from every barrel of oil, cubic foot of natural gas, and barrel of natural gas liquids produced on their acreage without bearing drilling costs or capital expenditures.
PG&E confirmed that a gas leak had occurred near that location. A spokesperson, Tamar Sarkissian, told us that a PG&E crew was on-site by 11:15 p.m. the night of April 9 and after working for about two hours, stopped the flow of gas as 'safely and as quickly as possible' - by 1:32 a.m. Friday morning.
Here, the contribution request betrays the email's true nature: a campaign promotion. Campaigning is not within Bonta's scope of employment. The judge pointed to a campaign email Bonta sent to Texas residents saying that only 5% is recycled and the rest ends up in the environment and in our bodies: 'Exxon Mobil knew, and Exxon Mobil lied.'
Nobody expects today's high prices to last and we could very likely get back to the low $60 [per barrel] environment we faced just a few weeks ago. Experts say the unique geology of California's fields, and the nature of its heavy crude, make new projects, and efforts to pump more oil out of existing ones, costlier and more energy-intensive than drilling in other parts of the country.
The company's record production jumped 12% year-over-year, driven by the Hess acquisition, which added 261 thousand barrels of oil equivalent per day. CEO Mike Wirth called it a "significant achievement...integrated Hess, started-up major projects, delivered record production." Chevron's integrated model spans upstream production, refining, chemicals, and emerging energy ventures, including lithium and hydrogen projects. The company returned $12.1 billion in share buybacks for the year and raised its dividend 4% to $1.78 per share.