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Q3 2011 Update
| Tim Marquez | Page 8 of 11 |
February 19, 2017
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EIA Assessment of Technically Recoverable Shale Oil Resources(1) Venoco, Inc. 8 (1) All data from U.S. Energy Information Administration, “Review of Emerging Resources: U.S. Shale Gas and Shale Oil Plays”, July 2011. http://www.eia.gov/analysis/studies/usshalegas/pdf/usshaleplays.pdf (2) Venoco acreage is 214,000 net acres as of 9/30/11. Avalon & Bone Springs 1.58 7% Eagle Ford 3.35 14% Monterey 15.42 64% Bakken 3.59 15% (excerpt from page 73 of review) Technically Recoverable Resource 23.94 Billion Barrels by play NFG 14,000 1% Oxy 873,000 78% Venoco 158,000 14% Berry 6,500 1% PXP 70,000 6% Monterey Area Reviewed = 1,752 sq. miles (1,121,500 acres) by company