Project Profile
Location: San Joaquin Basin of California, USA
Oil production: 58 mb
Gas production: 252 bcf
Reserves: 0.63 mmboe
Tejon Extension prospect is an oil and gas project located in the San Joaquin Basin of California, USA. Tejon and North Fields have produced a combined 58 million barrels of oil and 252 billion cubic feet of gas from the primary zones of interest, attesting to the presence of a petroleum system. The Tejon Field has produced some 34 million barrels oil and 19 billion cubic feet of gas, mostly from JV and Olcese sands. The North Tejon Field has produced some 24 million barrels oil and 233 billion cubic feet of gas, mostly from the Vedder and JV sands. The oil gravity is 32-35o API. According to estimations, the project can hold potential reserves (unrisked P50) of 0.63 mmboe with 80% probability of success. North American Oil and Gas holds a 75% participation interest in the Tejon Extension prospect and will operate the well. Avere Energy Corp., a 100% owned subsidiary of East West Petroleum Corp., holds the remaining 25% interest. In August 2013, East West Petroleum upped its stake to 53.5% interest.
Operators:
North American Oil and Gas: Operator with 46.5% interest
Avere Energy Corp. (East West Petroleum Corp.): 53.5% interest