Carbon California Overview

Carbon California was formed in 2016 by Carbon to acquire producing assets in the Ventura Basin of California. As of December 31, 2017, Carbon California has completed acquisitions comprising approximately 13 million barrels of oil equivalent. Carbon is the manager of Carbon California and has a 56% ownership interest.

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    • Exploration and production companies are divesting California oil and gas producing assets. This creates an opportunity for Carbon California to acquire producing assets, build on existing operations and consolidate a Ventura Basin position
    • Carbon California has identified the Ventura Basin of California as an area which presents an opportunity to establish a portfolio of light oil, low operating cost properties
    • The acquired properties exhibit low decline, long-life reserves with minimal capital maintenance requirements and a large inventory of development projects

     

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Carbon California Company, LLC Highlights

As of September 30, 2018

Proved Reserves (SEC Pricing) (mboe)
31,530
Proved Developed Reserves (mboe)
20,830
Proved Undeveloped Reserves (mboe)
4,600
Daily Net Production (boe)
1,880
Operated Wells
518
Net Acres
17,225

100% held by production or fee minerals