Monies

Transwestern Pipeline finances its maintenance with the monies it receives from shippers whose shipments are curtailed due to planned maintenance activities along its 2,600-mile system, a Fort Worth, TX-based gas marketer charges.

Oil and natural gas-rich Kern County in the southern end of California’s San Joaquin Valley went to court last week to uphold Occidental Petroleum Corp.’s past and future property tax bills on the former U.S. Naval Petroleum Reserve at nearby Elk Hills. At stake is up to $73 million of past taxes that Oxy argues should be refunded, along with future tax bills of $7.5 million annually.

Oil and natural gas-rich Kern County in the southern end of California’s San Joaquin Valley went to court last week to uphold Occidental Petroleum Corp.’s past and future property tax bills on the former U.S. Naval Petroleum Reserve at nearby Elk Hills