California Oil Package with Producing Wells and Acreage

This listing presents an oil package located in Kern County, California, within the Rio Viejo Oil Field. The package features 2 active wells and 3 PUDS across approximately 1,310 acres, situated in the Miocene Stevens Sands formation. The area benefits from 3-D seismic coverage spanning 24 square miles, indicating significant identified upside potential. Current production includes gross volumes of over 440 BOPD and 150 MCFD, resulting in net volumes of 116 BOPD and 40 MCFD. The operation generates a net cash flow of approximately $230,000 per month. Third-party reserve reports indicate 240 Mboe of PDP reserves (94% Oil) with a PV-10 of $8,047,000. The property is located outside of a Health Protection Zone.