May 13, 2016 / 1:11 AM / 2 years ago

Venoco says it will honor obligations to Beverly Hills drill site

Bankrupt energy producer Venoco Inc said on Thursday it would meet all obligations of its lease for an oil-drilling site in Beverly Hills, responding to concerns from the affluent city’s school district about their agreement.

Earlier this week, the school district had objected to the company’s disclosure statement filed in bankruptcy court, saying that Venoco needed to ensure it would honor terms to restore the site and provide information on responding to potential oil spills.

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