Newscasts

PNS Daily Newscast - September 26, 2018 


Trump takes the gloves off versus Kavanaugh accusers. Also on the Wednesday rundown: rural areas reap benefits from Medicaid expansion; a two-generation approach to helping young Louisiana parents; and a new documentary on the impact of climate change in North Carolina.

Daily Newscasts

Oil Co. Bankruptcy Skirts Termination of Lease on Offshore Rigs

The Rincon Island Limited Partnership, an oil facility on an island near Ventura, filed for bankruptcy this week. (Wikimedia Commons)
The Rincon Island Limited Partnership, an oil facility on an island near Ventura, filed for bankruptcy this week. (Wikimedia Commons)
August 10, 2016

VENTURA, Calif. - An oil company facing termination of its lease for a facility on a tiny island near the coast between Ventura and Santa Barbara made a last-minute bankruptcy filing, even as the State Department of Conservation issued a second enforcement order against it.

The Rincon Island Limited Partnership filed for Chapter 11 late Monday, just ahead of a scheduled vote by the State Lands Commission, which has now put the matter on hold.

Linda Crop, chief counsel for the Ventura County-based Environmental Defense Center, said her group had urged the commission to terminate the lease.

"This is really disappointing," she said. "Already this operator has been negligent, and that negligence puts our environment and communities at risk."

The rigs on the island have been idle since 2008. In April, the State Department of Conservation's Division of Gas and Geothermal Resources ordered Rincon Island's owners, Greka Integrated, to repair severely-corroded valves and pipes on the surface that could burst and cause an oil spill. The company did not fully comply and on Tuesday, the agency slapped it with a second emergency order to plug two wells and fix deficiencies in its underground pipes.

Crop said if the bankruptcy proceedings drag on too long, the authorities could ask a judge to appoint a trustee so repairs can get underway.

"Clearly, from all the violations that have been found, there are ongoing threats," she added. "So, whether action is taken through the bankruptcy proceeding or separately, we definitely want to make sure that this is addressed right away."

Greka Integrated did not respond to requests for comment.

Suzanne Potter, Public News Service - CA