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PS - West Coast & Alaska - August 2019

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California Resources Corp operated an average of seven drilling rigs in Q2, with two rigs focused on conventional primary production, two on waterfloods, one on steamfloods and two on unconventional production. The company drilled 39 development wells (five steamflood, 20 waterflood, four primary and 10 unconventional). The San Joaquin Basin produced 94,000 boe/d (plus 4% YOY) and operated six rigs. The Los Angeles basin contributed 24,000 boe/d (minus 4% YOY) and operated one rig......
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