This particular 11,000 acre Oil Field is a large oil and gas field in the foothills of the Sierra Nevada Mountains. It lies east of Bakersfield. With a cumulative total recovery of more than 110 million barrels of oil, it is the 48th largest oil field in California, but remains productive with still about 10% of its reserves remaining in the ground, according to the California Department of Oil, Gas and Geothermal Resources (DOGGR). Will Consider extraction. Offered at $33,000,000.

Posted Apr 26, 2011

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