producing energy for california
Monterey Oil & Gas Corporation was founded to aggregate and develop oil and gas properties in California with the singular objective, through our efforts and in partnership with others, of satisfying California’s increasing energy needs. We are focused on developing and delivering energy resources to the California marketplace in a way that will enable us to contribute meaningfully in meeting California energy demand as it transitions over time to the use of a greater percentage of alternative energy resources. As this transition away from traditional based fossil fuels occurs, we aim to provide the most environmentally responsibly produced energy to Golden State consumers.
Our company, and its employees, are committed to being good corporate citizens; we believe in giving back to our community. As a responsible business enterprise, we pride ourselves on being committed to the development and well-being of the communities in which we serve.
At Monterey, we are sensitive and caring about California’s environment, and work each day to ensure that we are doing all we can to produce oil and gas in a clean, safe, and environmentally responsible manner. We take pride in what we do at the drill site, and utilize state-of-the-art production processes, with the goal of minimizing environmental impact.
Strategically, we are focused on acquiring and further developing legacy oil and gas producing properties in all four major California hydrocarbon basins. Our emphasis, however, is principally in the San Joaquin and LA basins, where properties we acquire have material upside. Although our portfolio is expected to be predominantly oil focused, we will opportunistically acquire gas assets that can be utilized to further oil production at our facilities. As a dedicated California energy producer, we want to grow our production footprint in a way that will meaningfully contribute to satisfying California energy demand.
- Daily CA Oil Production: 470,000 bbl/d
- Daily CA Oil Demand: 1.5million bbl
- % of CA Oil Imported from Abroad: 70%
- Number of Active CA Billion-Barrel Fields: 5
- Average CA Oil Price (to CA refineries): 90-95% Brent
- CA Largest Producing County: Kern County
- Daily CA Gas Production: 0.6 Bcf/d
- Average CA Gas Price: $3.47/Mcf
California is the 6th LARGEST economy in the world.
Hydrocarbons produced since 1876: 28 BILLION barrels of oil and 40 TRILLION cubic feet of natural gas.
California oil & gas industry employs approximately 386,000 PEOPLE, 1/6 of California’s total workforce.
California is the 4th LARGEST oil producing state in the United States.