South Ellwood, Platform Holly – Offshore Goleta, California
The South Ellwood field is located in state waters approximately two miles offshore California in the Santa Barbara Channel. We produce oil and natural gas from Platform Holly and process the resources at an onshore facility. We acquired our interest in the field from Mobil Oil Corporation in 1997. Since that time, we have made numerous operational enhancements to the field, including redrills, sidetracks and reworks of existing wells and upgrades at the platform and the onshore processing facility. Additionally, in 2012 we initiated a drilling program that resulted in a significant increase in production from the field. We operate the South Ellwood Field and have 100% working interest.
The South Ellwood field is approximately seven miles long and is part of a regional east-west trend of similar geologic structures running along the northern flank of the Santa Barbara channel and extending to the Ventura basin. This trend encompasses several fields that, over their respective lifetimes, are each expected to produce over 100 million barrels of oil, according to the California Division of Oil, Gas, and Geothermal Resources. The Monterey shale formation is the primary oil reservoir in the field.
Santa Clara Federal Unit, Platforms Gail & Grace – Offshore Oxnard, California
The Santa Clara Federal Unit is located approximately 10 miles offshore in the Santa Barbara channel near Oxnard, California. Our operations in the unit are conducted from two platforms: Platform Gail in the Sockeye field and Platform Grace in the Santa Clara field. We acquired interest in the unit and the associated facilities from Chevron in February 1999. We operate the unit and have a 100% working interest.
The Sockeye field structure is a northwest/southeast trending anticline bounded to the north and south by fault systems. The field produces from multiple stacked reservoirs ranging from the Monterey to the Middle Sespe formations.
Chevron shut-in production at Platform Grace in the Santa Clara field in 1997. From that time until 2011, we primarily used Grace as a launching and receiving facility for pipeline cleaning devices and as an interconnecting pipeline to transport oil and natural gas produced from platform Gail to our onshore plant. In 2011, we returned one well to production at platform Grace and it is again an active producing offshore platform.
Beverly Hills West Field – Onshore Beverly Hills, California
The Beverly Hills West field is located in Beverly Hills, California. All production operations at the field are conducted from parcel of land slightly larger than a half acre on the border of the cities of Beverly Hills and Century City. We acquired our interest in the field in 1995. We operate the field and have a 100% working interest. The lease under which we operate the field expires in 2016 unless the terms of the lease are extended.
Dos Cuadras Field (non-operated), Offshore Santa Barbara, California
The Dos Cuadras field is located in federal waters approximately five miles offshore California in the Santa Barbara channel. We acquired our 25% non-operated working interest in the western two-thirds of the field from Chevron in February 1999, which includes three offshore platforms. We have working interests ranging from approximately 17.5% to 25% in the associated onshore facility and pipelines. The field is operated by DCOR, an unaffiliated third party California operator.