Oil Production Highlights
- Strong Production Base: 2 active wells currently producing about 305 BOPD gross, with third-party reserves supporting 10+ years with consistent
output. Grapevine crude oil receives a premium price, a positive gravity adjustment, and is indexed to Brent crude price. - Low-Cost Operations: Self-sustained natural gas power and an advanced hydraulic water lift system deliver efficient, low-cost performance at approximately $10 to $12/ barrel lifting cost. Minimally affected by electrical rate hikes.
- High-Quality Geology: Wells target the Stevens Sands, a prolific turbidite (“oil river”) formation known for long-term production and low decline rates.
- Upside Potential: See page 4 of the accompanying PDF.
Operating State:
California
Production dates:
Oct 2017 - Feb 2026
Total oil production:
834,043 BBLs*
Total gas production:
MCF 297,107
Est. current daily oil production:
310 BBLs
Est. daily gas production:
MCF 149
Est. daily water production:
111 BBLs
Producing Wells:
2
*Includes 20,000 BBLs from North Chardonnay
+/-20% annual return rate to investors
