Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is incorporated under the Delaware General Corporation Law and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000.
Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.
Aera Energy LLC is a natural gas, oil exploration and production company started as a joint venture between Shell plc and Mobil. Headquartered in Bakersfield, California, Aera Energy LLC is a California limited liability company, and one of California's largest oil and natural gas producers, with an approximate 2015 revenues of over $2 billion. Aera is operated as a stand-alone company through its board of managers.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
The Midway-Sunset Oil Field is a large oil field in Kern County, San Joaquin Valley, California in the United States. It is the largest known oilfield in California and also the largest oil field in the country by total oil in place, though Alaska's Prudhoe Bay Oil Field and the East Texas Oil Field have larger total production values of over 13 billion barrels and 5.4 billion barrels respectively compared to Midway-Sunset which has produced nearly 4 billion barrels.
The South Belridge Oil Field is a large oil field in northwestern Kern County, San Joaquin Valley, California, about forty miles west of Bakersfield. Discovered in 1911, and having a cumulative production of over 2,000 million barrels (320,000,000 m3) of oil equivalent at the end of 2023, it is the fourth-largest oil field in California, after the Midway-Sunset Oil Field, Kern River Oil Field, and Wilmington Oil Field, and is the sixth-most productive field in the United States. Its estimated remaining reserves, as of the end of 2008, were around 494 million barrels (78,500,000 m3) out of approximately 10.2 billion barrels of original oil in place, and it had 6,253 active wells. The principal operator on the field was Aera Energy LLC, a joint venture between Royal Dutch Shell and ExxonMobil. Additionally, the field included the only onshore wells in California owned and operated by ExxonMobil.
The Elk Hills Oil Field is a large oil field in western Kern County, in the Elk Hills of the San Joaquin Valley, California in the United States, about 20 miles (32 km) west of Bakersfield. Discovered in 1911, and having a cumulative oil production of close to 1.5 billion barrels (240,000 dam3) and a cumulative barrel of oil equivalent production of 2.2 billion BOE at the end of 2023, it is the fifth-largest oil field in California, and the seventh-most productive field in the United States.
The Buena Vista Oil Field, formerly the Naval Petroleum Reserve No. 2 (NPR-2) is a large oil field in Kern County, San Joaquin Valley, California in the United States. Discovered in 1909, and having a cumulative production of approximately 667 million barrels (106,000,000 m3), it is the tenth-largest oil field in California. As of year end 2006 the field had a total reserve of only about one percent of its original oil, and having produced a mere 713,000 barrels (113,400 m3). Since, the field has gone through a revitalization. Crimson Resources initiated a waterflood in the Etchegoin Formation, saw good response and sold the asset to Occidental Petroleum. CRC continued the development of the waterflood, but also tested the viability of the Monterey Formation. The Monterey Formation at Buena Vista has proven to be a viable target and is currently being developed.
The Monterey Formation is an extensive Miocene oil-rich geological sedimentary formation in California, with outcrops of the formation in parts of the California Coast Ranges, Peninsular Ranges, and on some of California's off-shore islands. The type locality is near the city of Monterey, California. The Monterey Formation is the major source-rock for 37 to 38 billion barrels of oil in conventional traps such as sandstones. This is most of California's known oil resources. The Monterey has been extensively investigated and mapped for petroleum potential, and is of major importance for understanding the complex geological history of California. Its rocks are mostly highly siliceous strata that vary greatly in composition, stratigraphy, and tectono-stratigraphic history.
The North Belridge Oil Field is a large oil field along California State Route 33 in the northwestern portion of Kern County, California, about 45 miles west of Bakersfield. It is contiguous with the larger South Belridge Oil Field to the southeast, in a region of highly productive and mature fields. Discovered in 1912, it has had a cumulative production of 136,553,000 barrels (21,710,200 m3) of oil, and retains 27,443,000 barrels (4,363,100 m3) in reserve, as of the end of 2006, making it the 40th largest oil field in the state.
Plains Exploration & Production was a petroleum and natural gas exploration company based in Houston, Texas. In May 2013, it was acquired by Freeport-McMoRan.
The Rio Vista Gas Field is a large natural gas field in the Sacramento–San Joaquin River Delta in northern California, adjacent to Rio Vista, California. Discovered in 1936, and in continuous operation since, it has produced over 3.6 trillion cubic feet (100 km3) of gas in its lifetime, and retains an estimated reserve of approximately 330 billion cubic feet (9.3×109 m3). In 2008 alone, the most recent year for which data was available, it produced 18 billion cubic feet (510,000,000 m3) of gas. Spanning portions of three counties and covering over 29,000 acres (120 km2), it is the largest natural gas field in California, and one of the fifteen largest in the United States.
The Edison Oil Field is a large oil field in Kern County, California, in the United States, in the southeastern part of the San Joaquin Valley and adjacent foothills east-southeast of Bakersfield. The field has a total productive area of over 8,000 acres (32 km2), most of which is intermingled with agricultural land uses; oil pumps and storage tanks are surrounded with row crops and orchards in much of the field's extent. Discovered in 1928, and with a cumulative production of 149 million barrels (23,700,000 m3) of oil as of 2008, and having over 6 million barrels (950,000 m3) in reserve, it is ranked 38th among California's oil fields by total ultimate recovery. It is a mature field in decline, and is run entirely by small independent operators. As of 2008, there were 40 different oil companies active on the field, one of the most in the state for a single field. 914 wells remained active on the field, averaging only two barrels of oil per well per day from the dwindling reservoirs.
Denbury Inc. was a company engaged in hydrocarbon exploration and extraction via enhanced oil recovery, utilizing carbon dioxide to extract petroleum from fields that have been previously exploited. In November 2023 it was acquired by ExxonMobil.
The California oil and gas industry has been a major economic and cultural component of the US state of California for over a century. Oil production was a minor factor in the 19th century, with kerosene replacing whale oil and lubricants becoming essential to the machine age. Oil became a major California industry in the 20th century with the discovery on new fields around Los Angeles and the San Joaquin Valley, and the dramatic increase in demand for gasoline to fuel automobiles and trucks. In 1900 California pumped 4 million barrels (640,000 m3), nearly 5% of the national supply. Then came a series of major discoveries, and the state pumped 100 million bbl (16 million m3) in 1914, or 38% of the national supply. In 2012 California produced 197 million bbl (31 million m3) of crude oil, out of the total 2,375 million bbl (378 million m3) of oil produced in the US, representing 8.3% of national production. California drilling operations and oil production are concentrated primarily in Kern County, San Joaquin Valley and the Los Angeles basin.
Whiting Petroleum Corporation was a company engaged in hydrocarbon exploration primarily in the Bakken Formation and Three Forks Shale. It was organized in Delaware with its operational headquarters in Denver, Colorado.
Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.
Vicki Hollub is an American businesswoman and mineral engineer. She has been the president and CEO of Occidental Petroleum since April 2016, when she became the first woman heading a major American oil company.
$1.889 billion (2021)
