🛢 Oxnard Oil Field

The Oxnard Oil Field is a large and productive oil field in and adjacent to the city of Oxnard, in Ventura County, California, in the United States. Its conventional oil reserves are close to exhaustion, with only an estimated one percent of the original oil recoverable with current technology remaining: 434,000 barrels (69,000 m3) out of an original 43.5 million. However, the reservoir includes an enormous deposit of tar sands, ultra-heavy oil classed as an unconventional petroleum reserve, and potentially containing 600 million barrels (95,000,000 m3) of oil equivalent, should it become economically feasible to extract. Present operators on the field include Tri-Valley Oil & Gas Co., Anterra Energy Services, Inc., Chase Production Co., and Occidental Petroleum through its Vintage Production subsidiary. As of the beginning of 2009, there were 34 active wells on the field.