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Venoco Inc
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EnerCom's The Oil & Gas Conference
| Timothy Marquez | Page 7 of 11 |
April 26, 2024
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Monterey Shale Activity Venoco, Inc. 7 Venoco Areas of Operations Business Strategy ¾ Maintain high operational control ¾ Continue to acquire prospective acreage Acreage Strategy ¾ Light Oil ¾ Structural features ¾ Natural fractures ¾ Moderate depths ¾ Favorable operating environment 2011 Capital Program ¾ $100 million budget ¾ ~15 gross wells planned ¾ Complete 3-D seismic shoot ¾ Increase net acreage position Current Status ¾ Testing vertical redrill in Sevier ¾ Drilling vertical delineation well in Sevier ¾ Completing vertical well in San Joaquin ¾ Completing horizontal well in San Joaquin Monterey Prospect Areas San Joaquin Basin 112,100 acres Salinas Valley 18,000 acres South Ellwood – 53 million BOE cumulative Monterey production Sockeye – vertical and horizontal Monterey production Monterey Shale Acreage (1) Onshore Undeveloped 168,000 Monterey Production or Potential (HBP) 46,000 Total (Net Acres) 214,000 Santa Maria Basin 29,400 acres Area of VQ-OXY Joint 3-D Shoot (1) Onshore undeveloped is as of 6/30/11. HBP acreage as of 12/31/10. Sevier 8,400 acres