Operations Overview  |  Executive Summary

Alaska:   Pacific Alaska Operations  
California:   Beta Unit - Offshore  |  Wilmington  |  Long Beach  |  Rosecrans  |  San Joaquin Basin
Wyoming:   Pacific Creek Prospect

ROSECRANS OIL FIELD

The Rosecrans Oil Field ("Rosecrans"), discovered in 1925, is located in the Los Angeles Basin within the city of Los Angeles, California. OOIP is estimated at 4 billion barrels. To date, the field has produced approximately one billion barrels or about 25% of the OOIP.

Pacific Energy's productive acreage at Rosecrans is contained within two oil and gas leases (Trust and GOC/SERP) encompassing about 32 acres with 6 wells producing 55 BOPD and 120 MCF per day. Oil gravity is 30-35° American Petroleum Institute Index ("API"). Pacific Energy has an operative 50% working interest. Pacific Energy also holds the mineral rights to 490 prospective acres in the East Rosecrans Field located within the Rosecrans Oil Field property.

Location:		Gardena
District:		Los Angeles County
Leases:		Universal Trust East Rosecrans and Gardena Prospect (Bucher 1 & Sjelin 1)
Working Interest:		50%
Acreage:		52
Number of Wells:		10
First Production:		1925