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January 26, 1993 | SHARON BERNSTEIN, TIMES STAFF WRITER
The giant oil rig is gone from Towsley Canyon, less than a year after Canadian wildcatters dragged it there with dreams of coaxing black gold from an old, unused oil field owned by Chevron Corp. They found oil in the Santa Clarita woodlands, all right, but it's mixed with so much water that it's not worth retrieving. And the oilmen, a consortium of Canadian geologists and investors, plus the Samedan Oil Corp., based in Ardmore, Okla.
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BUSINESS
January 26, 1993 | SHARON BERNSTEIN, TIMES STAFF WRITER
The giant oil rig is gone from Towsley Canyon, less than a year after Canadian wildcatters dragged it there with dreams of coaxing black gold from an old, unused oil field owned by Chevron Corp. They found oil in the Santa Clarita woodlands, all right, but it's mixed with so much water that it's not worth retrieving. And the oilmen, a consortium of Canadian geologists and investors, plus the Samedan Oil Corp., based in Ardmore, Okla.
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BUSINESS
August 4, 1992 | PATRICE APODACA, TIMES STAFF WRITER
A consortium of small energy companies hoping to strike oil in the western Santa Clarita Valley said it has found natural gas, but will not know until tests are completed whether the gas is of commercial grade. "This is only conjecture until we test and see," said Robert Grey, president and chief executive of Riva Petroleum, a Vancouver company that has a 30% stake in the venture. The consortium--made up mostly of small Canadian firms--expects to finish the testing in about two months.
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