Oil company hit with $12.5M fine

California regulators have issued at $12.5 million fine to an oil company with a long history of safety violations and regulatory lapses.

The Department of Conservation issued the fine Wednesday against Greka Oil & Gas for nearly 1,500 violations last year at its Richfield oil operation in Orange County.

The department's Division of Oil, Gas and Geothermal Resources says the company submitted false reports and failed to comply with regular pressure testing requirements and failed to maintain operating pressure gauges.

The state ordered the company to stop injecting water into the field northeast of Anaheim until it complies with state orders. It also must get a $39 million bond to cover cleanup costs if the company folds.

How can some of these companies be so negligent

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boy I don't know, it looks like California is looking to cash in, no one was hurt, no environmental disaster, I hear its really hard to get a u haul truck in California, they have all been used to go to texas

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Didn't former Greka subsidiary, Rincon Island Limited Partnership, filed for bankruptcy 

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Right. California is making them to cleanup, expected to exceed $50 million.

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