Oxy ramping up quickly in California shales

Driving domestic growth with fast paybacks and running room

Will southern California oilfields boom again like the Permian basin?  Perhaps!  With PLS'  docFinder database,  we learned the latest on the California shale resource play.  In 10 years, California "shale" could become Oxy's largest business unit worldwide.  This year, Oxy will drill 195 shale wells in California with well costs of $3.5 MM, and dropping, and IP's averaging 300 to 400 boe/d -- mostly oil.  The California program added 6,000 boe/d to Oxy in the 3Q alone and was responsible for "a large portion" of their domestic production growth! The source rock feeding California's giant oilfields appears to be delivering with potential of 15 billion barrels and EUR/well of 555 Mbo.  Other players include Oxy, Aera, Chevron, Venoco, Seneca, Berry, Warren and new players including Hess, Chesapeake, Zodiac. 

PLS now provides you with the ability to QUICKLY find answers you need including:

• Pricing — Did you know California oil is at a large premium to WTI?
• Players— Who are the largest California producers?
• Geology — California stacked resource targets + conventional plays 
• Curves —  Type curves from Oxy and Venoco and Underground Energy

Did you know?

Oil company execs, investors and bankers know well the value of comptetive reconnaissance.  PLS' new docFinder database is a valuable DATA source to stay current on industry and company developments.  DocFinder lets you quickly view and compare type curves, oil price differentials, drilling costs, operating costs, CAPEX plans past, present and future, and other critical data.  

Start your free trial to docFinder today!