Carbon California Overview

Carbon California Company, LLC was formed to acquire and develop oil and gas producing assets in the Ventura Basin of California. Carbon is the manager of Carbon California and has a 54% 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

 

    • The Ventura Basin of California is an area which presents an opportunity to establish a portfolio of conventional 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

 

 

 

Carbon California Highlights

As of March 31, 2021

Proved Reserves (mmboe) 82% Oil & NGL
 18.3
Proved Developed Reserves (mmboe)
 16.9
Proved Undeveloped Reserves (mmboe) 1.4
Daily Net Production (boe) 82% Oil & NGL
 1,679
Net Acres (100% held by production or fee minerals)
 16,774