In This Review:

- I Introduction

- II Legal And Regulatory Framework

- III Licensing

- IV Production Restrictions

- V Assignments Of Interests

- VI Tax

- VII Environmental Impact And Decommissioning

- VIII Foreign Investment Considerations

- IX Current Developments

- Excerpt from Introduction:

California has a well-deserved reputation for stringent environmental regulation and for policy initiatives encouraging development of renewable energy resources. It is therefore worth reminding residents and non-residents alike that the Golden State is also one of the world’s great oil provinces.

Originally published by Law Business Research in December, 2013.