What a revision! The EIA changed the recoverable oil reserves in California's vast Monterey Shale formation from 13.7 billion barrels to 600 million barrels using existing technology. Also, for the first time, a California county banned fracking.
May 22, 2014 Los Angeles Times
At 15 billion barrels, California's Monterey Shale is said to hold the nation's largest deposit of recoverable oil. The only problem is that its extraction has not proven to be economically profitable. Blame it on the shale's unique structure.
Apr 8, 2014 Los Angeles Times
SB 4 passed the legislature over strong objections from the oil and business community. California will go from having no well stimulation (includes acidizing) regulation set in statute to the nation's toughest, so why are environmentalists unhappy?
Sep 13, 2013 Los Angeles Times - Business
Sacramento reporter John Myers suggests that if the oil industry and the Sierra Club both oppose a fracking bill - one for going too far; the other for not going far enough - then state Senator Fran Pavley's bill, "must be doing something right".
Sep 2, 2013 News 10/KXTV Sacramento
What's the most productive way to utilize the fertile land that sits above California's vast Monterey Shale oil reserve? The environmental impacts of fracking on California's farmland could derail what promises to be an enormous oil boom.
Jun 5, 2013 The New York Times
Environmentalists scored a major victory in federal court in their battle against fracking in California when a judge ruled that the BLM violated NEPA by not requiring an environmental review prior to auctioning rights for drilling in Monterey Co.
Apr 12, 2013 The Monterey County Herald
Hydraulic fracturing may finally allow drillers to extricate oil from the Monterey Shale, creating a shale oil boom that could dwarf ones in states such as North Dakota. Environmentalists are digging in to limit the controversial practice.
Feb 5, 2013 The New York Times