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A decade ago, activists worried about the dangers of fracking created momentum in Monterey County to curb oil and gas operations, which culminated in 2016 with the passage of Measure
Oil production from the six wells collectively peaked at about 400 bpd before the wells were idled in 2015 due to oil prices dropping below $30 per bbl. Returning the field to production will occur in steps, with the 58X-23 and the HH-1-ST2 wells being the first two of the six previously producing oil wells to be returned to production.
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Based on 3D seismic data, the prospect is close to prolific gas fields, has easy access to a gas pipeline with excess capacity, and targets gas sands at ab...
Fully Permitted to Restart Production from Six Previously Producing WellsBAKERSFIELD, CA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp ...