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California oil rig idle as slump hits fields this year
In California contract drilling rigs run only 38.6 percent, 85 of 220. a year ago 169 of 253 were active. The article notes widespread idle capacity and a brutal bidding scene for the few wells put out to bid. Detailing moves across Sacramento Valley and Ventura County, it lists operators like Humble Oil, Coastal Drilling, Standard Oil of California, and Shell, with depths and locations such as Orland, Beehive Bend, Kettleman North Dome, Vellecitos, and Oxnard, plus ongoing wildcats and redrillings in multiple fields.
MENTIONED IN THIS ARTICLE
California
Sacramento Valley
Humble Oil & Refining Co
Ernest W. Michael
Orland
Glenn County
Coastal Drilling “Co
Richfield Oil Corp
Discovery
Alaska
Humble
Richfield
Standard Oil Co
Kettleman North Dome
Helm
C. Case ‘Co
Case
Patrick A. Doheny
Kreyenhagen Noa
Sunray Mid-Continent Oil Co
Guijarral Hills
Coalinga
General Petroleum
Curry Mountain
Ares
Ave~nal
Ventura County
Oxnard
South Mountain
Fillmore
Shiells Canyon
Getty Gil Co
Bridge
Shell Oil “Co
Texas Co. T
Sec
Texaco