Buzz is building in California's vast onshore and offshore Monterey Shale, a complex rock source sprawled from northern California redwoods to Hollywood and to the sea. The shale is as eclectic above ground as its subterranean goulash of lumpy mud rock, finegrained chert, and sandstone down below. Denver-based E&P minnow Venoco is shopping for a partner to help beef up its Monterey exploration, and plans to ditch a stake in Texas acreage to help finance its exploration push.
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