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Monterey Shale

San Ardo oil fields in Monterey County. (CBS)

Feds Postpone California Lease Auctions For Oil, Gas Drilling

Federal land managers are postponing all oil and gas lease auctions in California until October, citing budget problems and low staffing, and the toll of environmental litigation.

05/07/2013

US-Energy-Gas-Environment A Consol Energy Horizontal Gas Drilling Rig explores the Marcellus Shale outside the town of Waynesburg, PA on April 13, 2012. It is estimated that more than 500 trillion cubic feet of shale gas is contained in this stretch of rock that runs through parts of Pennsylvania, New York, Ohio and West Virginia. Shale gas is natural gas stored deep underground in fine-grained sedimentary rocks.  (Mladen Antonov/AFP/Getty Images)

Central Coast Battle Shaping Up Over Potential For Huge Oil Fracking Operation

A new gold rush is on in California, but this time it’s liquid gold. Instead of strawberries and artichokes, the Central Coast is getting a growing reputation for being the next motherlode for oil.

08/07/2012

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