The Banning Ranch oil field in Newport Beach will be cleaned up and turned into a nature preserve after a nonprofit completed its purchase of the property, according to the Los Angeles Times. On December 16, 2022, the Trust for Public Land closed escrow on the 384-acre property, and oil operations officially stopped. The ranch has been a working oilfiel…
Keep reading with a 7-day free trial
Subscribe to California Energy Journal to keep reading this post and get 7 days of free access to the full post archives.