The company was founded over 30 years ago by Stanford University-trained engineers, with a purpose of using state-of-the-art engineering and computer modeling to reduce risk and generate higher field performance and returns.
PCEC's people all live here and it is important that we provide California low cost energy, safely. Our facilities are subject to arguably the most stringent regulations in the world and are therefore the least environmentally impactful in the world. We believe it makes sense to maximize this type of energy production and maximize the benefit to California and our local communities.
PCEC is an active member in its local communities and supporter of charities and education. The company's tax dollars provide a needed tax base for local services like teachers, police and fire fighters.
PCEC believes that California is in an energy renaissance as it transitions from fossil fuels to renewable energy. Currently, California relies on all major sources of energy. That mix includes fossil fuels, nuclear and all forms of renewable energy; including geothermal, wind and solar. In the near term, all of California's energy sources will need to be supplied to fulfill current demand or California's economy will suffer. Complicating California's energy supply is the fact that California is an "Energy Island", isolated from the continental U.S. This is because there are no inter state pipelines carrying oil and gas into California. As a result, all of California's energy demand must be met by local sources or be shipped in by tanker, train or truck (the "Three T's").
PCEC believes that it is important for California's long-term energy security that it meet its energy appetite locally. It should be a goal for California to provide as much energy locally to meet the needs of a growing California economy. Buying and transporting energy sources from abroad increase the overall environmental impact given a lack of regulatory oversight. In addition, buying fossil fuels from abroad takes away much needed domestic revenues and jobs and shifts them overseas to politically unpalatable governments. Furthermore, transporting fossil fuels by tanker, train or truck dramatically increase the environmental impact footprint and chances of a catastrophic accident.
PCEC was formed to meet the needs of a growing California economy. Our goal is to produce the energy locally with the smallest environmental impact possible and help provide a smooth transition from fossil fuels to renewable energy over time. Our engineers have designed unique operating methods for production or extraction of fossil fuels that help eliminate impacts.