California is one of the most prolific oil and natural gas producing regions in the world and is the sixth-largest oil producing state in the nation as of the end of 2017.
California Resources Corporation (CRC) has operations in each of California’s four major oil and gas basins:
San Joaquin Basin
Approximately 68 percent of CRC’s estimated proved reserves as of year-end 2017 are located in the San Joaquin Basin, where we actively operate and develop 46 fields, including the Elk Hills Field near Bakersfield.
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Los Angeles Basin
Approximately 23 percent of CRC’s estimated proved reserves as of year-end 2017 were located in the Los Angeles Basin, where we actively operate and develop eight fields, including the Wilmington Field in Long Beach.
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Ventura Basin
Approximately six percent of CRC’s estimated proved reserves as of year-end 2017 were located in the Ventura Basin, where we actively operate and develop 28 fields.
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Sacramento Basin
Approximately two percent of CRC’s estimated proved reserves as of year-end 2017 were located in the Sacramento Basin, where we actively operate and develop 53 natural gas fields.
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