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 third-largest oil producer in California, where the company has 1.1 million net mineral fee and leasehold acres. Our California operations include interests in Elk Hills and other fields in the San Joaquin Basin, interests in the Wilmington field in Long Beach and other interests in the Ventura and Sacramento basins. Oxy’s California proved reserves were 708 million BOE at year-end 2008, representing approximately 24 percent of the company’s total worldwide reserves.