Elk Hills Field

The Elk Hills Field is California Resources Corporation’s (CRC) world-class onshore asset located 20 miles west of Bakersfield in Kern County. The field, covering 75 square miles, was discovered in 1911 and has produced over 1.9 billion barrels of oil equivalent (BOE), making it one of the most productive fields in the United States. During the year ended December 31, 2015, we produced 60,000 BOE per day on average from our Elk Hills properties. As California’s number one gas producer, production from Elk Hills' over 3,000 active wells contributes 37 percent of California's natural gas production and approximately 5 percent of the state’s oil production.

At Elk Hills, CRC operates efficient gas processing facilities with a combined capacity of 540 million cubic feet of gas per day (MMcf/d), including the largest cryogenic gas plant in California. CRC also operates the Elk Hills Power Plant, a 550-megawatt (MW) natural gas-fired, combined-cycle power plant that supplies electricity to the Elk Hills Field and supplies excess power to the California electric grid, as well as a 46 MW cogeneration plant that provides steam and electricity to the field. Our operations at Elk Hills include a state-of-the-art central control facility, remote automation control on over 98 percent of wells and consolidated production facilities for economies of scale, all of which result in high operational efficiencies.

In 2015, we continued to expand our recycling of produced water from oil and gas formations, and we supplied more than 2.6 billion gallons of reclaimed water for agriculture. As a result, CRC provided more water for irrigation than the amount of fresh water we purchased for our statewide operations.

CRC’s operations at Elk Hills have also been awarded the California Division of Oil, Gas and Geothermal Resources (DOGGR) Outstanding Lease Award for multiple consecutive years. The operations also have been recognized for outstanding environmental stewardship by the U.S. Environmental Protection Agency, the California Department of Conservation, the California Climate Action Registry, the Wildlife Habitat Council and other organizations. Elk Hills' environmental programs and initiatives include the preservation of endangered species habitats, emissions reduction, waste minimization and recycling, and cultural resource preservation.