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The Long Beach Business Journal recently published an article discussing the significant reduction in the demand for crude oil, due to COVID-19 and the recent stay-at-home orders. Dave Slater, Executive Vice President and Chief Operating Officer, was interviewed on the effect the decline had on Signal Hill Petroleum. Slater states to the Business Journal:
“The local oil refineries have prioritized processing California-produced crude oil,” Slater said. “It is our observation that these refineries have done a great job balancing their output and storage of critical fuels for California and the greater Southwest.”
To read the entire article click on the link below:
SHP’s Executive VP and COO, David Slater, recently interviewed for the Long Beach Business Journal’s annual focus on Signal Hill. Slater shared insight on our company culture describing how, ” “We have earned what I’d describe as a social license with the community, but we have to work hard to re-earn that social license every day by delivering on our commitments, by being environmentally friendly and neighbor friendly,” he said.
To read the entire article, click on the link below.
https://www.lbbusinessjournal.com/focus-on-the-city-of-signal-hill/
Pictured from left: SHP gas-hydro technicians Dakota Langston and Abraham Aguilar; and SHP Executive Vice President and COO David Slater. (Photograph by the Business Journal’s Brandon Richardson)
The Long Beach Business Journal published their annual focus on the oil and gas industry issue. David Slater, Executive VP and COO for SHP was interviewed about the current status and hopes for the future for the oil and gas industry. In addition to how the industry is stabilizing and preparing for the future, Slater specifically focused on SHP’s operations and mindset:
“We are in a good economic environment for oil and gas production. Prices are up,” David Slater, told the Business Journal. After deactivating some of its rigs during the 2016 slump, Slater said he is excited to get SHP’s larger rig, Rig No. 6, back online.”
To read the entire article click on the link below:
Improved Prices Lead to Strong Investment From Area Oil and Gas Operators
The Long Beach Business Journal published their annual focus on the oil and gas industry issue. David Slater, Executive VP and COO for SHP was interviewed about the current status and hopes for the future for the oil and gas industry. In addition to how the industry is stabilizing and preparing for the future, Slater specifically focused on SHP’s operations and mindset:
“We consider our primary mission to be stewards of our community and stewards of the environment. The safety of our personnel and the safety of the public is paramount to our company,” Slater explained. “We’re very proud of our track record but that doesn’t mean that we can’t improve. That’s the attitude of our company: get better every day.”
To read the entire article click on the link below.
Oil and Gas Experts Are ‘Cautiously Optimistic’
The Long Beach Business Journal published their annual Focus on Signal Hill edition. The earlier post was about SHP’s contributions to the city as an energy producer, but the article below is about SHP’s unique position to help develop the future landscape of Signal Hill. As one of the largest land owners in Signal Hill, SHP is looking forward to developing our vacant lots into something special for the city. Continue reading below for details about the upcoming SHP development project, Heritage Square.
Numerous Developments To Alter Signal Hill Landscape
The City of Signal Hill is in the midst of a development surge – affordable and market rate housing, for-sale homes, retail, parks and mixed use projects. One of the most notable projects in the works is Signal Hill Petroleum’s (SHP) Heritage Square.
“The site plan has advanced significantly in the last two months,” Dave Slater, Signal Hill Petroleum chief operating officer and executive vice president, said. “We’re looking at a Class A apartment, residential, multi-family building, in addition to restaurant space and bringing in a very high-quality boutique grocer, Mother’s Market.”
The project is located on the northwest corner of Cherry Avenue and Burnett Street and is currently being negotiated between the city and SHP. Slater said the company has identified a high-end restaurant operator, which he hopes will open a signature restaurant with a great view at the project.
Signal Hill Petroleum’s Heritage Square Development is designed to be an urban village. The project features about 200 Class A apartment units with amenities, boutique grocery store Mother’s Market, a high-end restaurant and open gathering space. Located on the northwest corner of Cherry Avenue and Burnett Street, the project is nearing the end of its design phase. (Rendering courtesy of Signal Hill Petroleum)
“We’re really looking to create an urban village, Main Street atmosphere. And the site design we’ve got on the table now, I think we’re very close to having fine-tuned it,” Slater said. “I think the site plan is really exciting, and I think we’re going to deliver a real quality project – lots of open space, gathering space, kind of unique and eclectic retail spaces, a mix of restaurant uses.”
A key feature to the Heritage Square project is the inclusion of about 200 residential units. Slater described the housing element as a Class A, multi-floor, residential building that will feature amenities to appeal to a population not present in Signal Hill. The residential component is important because Slater said it brings in a customer base for the new urban village businesses.
The Heritage Square project will be very pedestrian friendly, according to Slater, with an open plaza serving as a destination and connection point for the city’s extensive walking and hiking trail system.
To read the entire article click here