Venoco, Inc. stated that production activities have been temporarily halted on Platform Holly at the South Ellwood field in the Santa Barbara Channel following the rupture of a common carrier pipeline operated and owned by Plains All American Pipeline, L.P. (Plains) on May 19, 2015. Plains is not affiliated with Venoco and Plains owns and operates the affected pipeline completely independent from Venoco.
Oil produced from Venoco's Platform Holly and related facilities is sold to a third party before it enters the Plains pipeline at an onshore location together with oil produced by other offshore operators in the Santa Barbara Channel. Production from Venoco's other producing assets are not impacted by this disruption. Venoco continues to monitor the situation closely and it is uncertain at this time as to when Plains will be able to resume operations. Venoco will resume full operations when the Plains pipeline returns to service.