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Oil and Gas Industry News

Law limiting new oil wells in California set to take effect [Video]

SACRAMENTO, Calif. (AP) — A California law that bans drilling new oil wells near places like homes and schools will take effect after the oil industry on Thursday withdrew a referendum from the November ballot asking voters to overturn it.

The law, first passed in 2022, had been delayed because the California Independent Petroleum Association gathered enough signatures for the referendum.

On Thursday the association withdrew the referendum just hours before the deadline for it to get on the ballot. Instead, it plans to file a lawsuit asking a judge to block the law.

The withdrawal slims down what had been a crowded November ballot. Also on Thursday, proponents withdrew ballot measures about state labor law violations, financial literacy for high school students and a tax increase for pandemic research.

California was once the nation’s leading oil producer over a century ago, but it has since been surpassed by Texas, New Mexico, North Dakota, Colorado, Alaska and Oklahoma.

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