California

California

CALIFORNIA : NORTHWEST LOST HILLS

In 2005 Nations acquired 100% interest in the Northwest Lost Hills heavy oil field in California. At the time of the acquisition there was no production, no steam flood infrastructure, central processing  or production facilities in field: it was a greenfield development.

By 2010 Nations had established production of 4,000 bopd from 271 wells under continuous steam flood and booked Proved Reserves of 54 MMboe and total Reserves (3P) in excess of 100 MMboe.  The continued development of the field targeted peak production of 35,000 bopd by 2016.

In 2011 Nations sold Northwest Lost Hills to Occidental Petroleum.

 

 

 

 

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