Oil Drilling Subcommittee Meeting Tonight – Focus on Amortization Study

The Oil Drilling Subcommittee of the city council may have to adopt another title; the No More Drilling SubCommittee. With the release tonight, June 4, 2020 of the amortization study, the city will be reckoning the cost of shutting down drilling on the Culver City owned slice of the Baldwin Hills Inglewood Oil Field.  The subcommittee, Vice-Mayor Alex Fisch and Council Member Meghan Sahli-Wells, will meet virtually to discuss and consider public input on the following items:

Presentation of an Amortization Study for the Culver City Portion of the Inglewood Oil Field. City’s consultant, Baker & O’Brien, prepared a Capital Investment Amortization Study for the Culver City portion of the Inglewood Oil Field, which will be presented to the Subcommittee and the public. The Amortization Study is available for review here.

Discussion of Potential Amortization Program. The Subcommittee will consider how the financial analysis, findings and conclusions presented in the Amortization Study could be used to inform future decisions related to the Culver City portion of the Inglewood Oil Field, including options for a potential amortization program of oil and gas operations within the City and, if desired, make recommendations to the City Council as deemed appropriate.

The findings of the Amortization Study and other pertinent information, along with any recommendations of the Subcommittee, will be presented to the City Council at a future meeting date, which is anticipated to be sometime this summer.

The Subcommittee meeting will take place on June 4, 2020 at 5:00 PM. Please see instructions below on how to participate in the meeting and submit public comments.

If you have any questions or comments regarding this matter, please contact either Heather Baker, Assistant City Attorney at (310) 253-5660 or [email protected], or Melanie Doran Traxler, Contract Project Manager at [email protected] or (818) 248-7158.

INSTRUCTIONS FOR MEETING PARTICIPATION:
The Subcommittee Meeting will take place via video conference. To combat the spread of COVID-19, the City proclaimed a local emergency on March 14, 2020 and issued subsequent public orders beginning March 16, 2020. In accordance with such orders, City Hall has been closed to the public and in-person meetings have been discontinued until further notice.

How to Attend the Meeting Remotely: All attendees must Register to Attend on Webex, after which you will receive an email with directions and a link to join the meeting, once it has begun. A tutorial on Webex Registration is available at Culver City’s YouTube channel.

How to Submit a Public Comment in advance : USE THE NEW eCOMMENT FEATURE: Go to the City’s website, find the active eComment link to the right of the agenda date, then add your comment to the agenda item you choose. Watch a video tutorial on Culver City’s YouTube channel to learn more. All comments received before the meeting begins will be read out loud.

NEW: For those who wish to speak during the meeting: Please join the Webex meeting and use the Q&A function to indicate the agenda item for which you wish to make a comment. When the Subcommittee or City staff announce it is the time to take public comment, you will “raise your hand” and, when appropriate, you will be prompted to make your comment.

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