Operational Highlights
California
Oxy recently announced a significant discovery of oil and gas reserves in Kern County, California, believed to be the largest oil and gas discovery in the state in more than 35 years. Oxy is the No. 1 natural gas producer and second-largest oil producer in California, where the company holds approximately 1.3 million acres of net fee minerals and leaseholds. Our California operations include interests in the Elk Hills area, the Wilmington Field in Long Beach and other interests in the Ventura, San Joaquin and Sacramento basins. Oxy’s California proved reserves were 780 million BOE at year-end 2009, representing approximately 24 percent of the company’s total worldwide reserves.