Amidst an global economic crisis and multiple management controversies, Terry and Kim Pegula, launched a new fracking venture that has drawn investment from – and a board seat for – the pro-fracking former Governor of Pennsylvania.
Tag: drilling
Who’s profiting from drilling Los Angeles?
by Rob Galbraith and Gin Armstrong Freeport-McMoRan is far and away the largest oil and gas producer in Los Angeles, with 1,311 active wells in Los Angeles County according California’s Division of Oil, Gas, and Geothermal Resources. The corporation, a multinational mining giant, acquired most of its Los Angeles wells in its 2012 purchase of …