Below figures need to be updated for 2023-24 but they probably haven't changed much, and the figures show the significant oil potential remaining ⁸in California. However, it's near impossible to get the drilling permits to develop these resources.
How much proven oil remains? As of December 31, 2022, California's proven crude oil reserves were approximately 1.492 billion barrels (BBO), accounting for about 3.1% of the United States' total crude oil reserves (EIA, CEC). Official 2023-2024 figures are not yet available, however, it is estimated that ~ 217 million barrels of crude oil (MMBO) was produced up to November 30, 2024 and remaining proven reserves are ~ 1.3 BBO, as no sizable proven reserves have been added in the last several years (subject to revision by on-going assessments).
How much oil is undiscovered? The USGS estimated undiscovered oil in the key onshore areas while the (BOEM) estimated the offshore. The estimated mean volume of undiscovered oil in the San Joaquin basin is 393 MMBO, the Ventura basin is 250 MMBO, and the Los Angeles basin is 1,400 MMBO. The estimated offshore mean is 250 MMBO. The combined onshore and offshore mean volume is 2,293 MMBO and the high estimate is 3,802 MMBO. Undiscovered estimates do not include untested unconventional Monterey shale and west-side San Joaquin basin fold and thrust plays.
Thank you, Thom, for your great comment!!!! Mike Umbro has been denied permits for years, and it is terrible. These numbers are huge, and importing from Alaska and domestic in-state production would, in fact, lower costs for consumers!
Can’t wait for Friday. After that discussion, the next step will be the solutions. Firstly, why the hell does California have its own emissions standards etc. That is BS imo.
Boy, you are spot on, and I was not shocked today seeing that the Palisades is not being rebuilt, as they are rezoning for low-income housing. So, all the fires started by arson - was it intentional? That's a real question. Energy policies run right along with their energy and conservation policies. Not all of them are good.
Never mentioned in any of the discussion is the impact on states such as Nevada and Arizona, and to a lesser extent other Western States, of the outsized influence California has on these states through a near monopoly on petroleum production and refining.
Nevada has one small refinery, barely able to meet the local demand of the Elko Area, and nearby Interstate 80. I'm not aware of any refineries located in Arizona. No additional refineries can be built due to Federal Regulations so these states are dependent on the Lunatics In California for their refined petroleum needs.
As a resident of Northern Nevada I am all in favor of Trump Nationalizing the entire Petroleum Industry in California, from production through transportation and sales
Ernest - funny you mention that - friend of the podcast - Ronald Stein sent me his article to run on News Beat, and I did, and then Michael and I recorded it for tomorrow morning - we talked about the 70% of the Arizona and Nevada comes from Califonria - lots of great stats and I recommend following Ronald Stein. - https://energynewsbeat.co/california-continues-to-devastate-its-economy-for-a-net-zero-dream-world/
Below figures need to be updated for 2023-24 but they probably haven't changed much, and the figures show the significant oil potential remaining ⁸in California. However, it's near impossible to get the drilling permits to develop these resources.
How much proven oil remains? As of December 31, 2022, California's proven crude oil reserves were approximately 1.492 billion barrels (BBO), accounting for about 3.1% of the United States' total crude oil reserves (EIA, CEC). Official 2023-2024 figures are not yet available, however, it is estimated that ~ 217 million barrels of crude oil (MMBO) was produced up to November 30, 2024 and remaining proven reserves are ~ 1.3 BBO, as no sizable proven reserves have been added in the last several years (subject to revision by on-going assessments).
How much oil is undiscovered? The USGS estimated undiscovered oil in the key onshore areas while the (BOEM) estimated the offshore. The estimated mean volume of undiscovered oil in the San Joaquin basin is 393 MMBO, the Ventura basin is 250 MMBO, and the Los Angeles basin is 1,400 MMBO. The estimated offshore mean is 250 MMBO. The combined onshore and offshore mean volume is 2,293 MMBO and the high estimate is 3,802 MMBO. Undiscovered estimates do not include untested unconventional Monterey shale and west-side San Joaquin basin fold and thrust plays.
Thomas L. Davis PhD
California Professional Geologist #4171
Ventura, CA 93001
USA
https://thomasldavisgeologist.com/
Let's see about working you in on your opinions on a podcast with Mike Umbro!
Thank you, Thom, for your great comment!!!! Mike Umbro has been denied permits for years, and it is terrible. These numbers are huge, and importing from Alaska and domestic in-state production would, in fact, lower costs for consumers!
Also love your substack! - https://tdavisgeo.substack.com/p/geologic-maps-of-southern-and-central
Can’t wait for Friday. After that discussion, the next step will be the solutions. Firstly, why the hell does California have its own emissions standards etc. That is BS imo.
Boy, you are spot on, and I was not shocked today seeing that the Palisades is not being rebuilt, as they are rezoning for low-income housing. So, all the fires started by arson - was it intentional? That's a real question. Energy policies run right along with their energy and conservation policies. Not all of them are good.
To quote Buddy Holly, Stu: “Rave On.”
Never mentioned in any of the discussion is the impact on states such as Nevada and Arizona, and to a lesser extent other Western States, of the outsized influence California has on these states through a near monopoly on petroleum production and refining.
Nevada has one small refinery, barely able to meet the local demand of the Elko Area, and nearby Interstate 80. I'm not aware of any refineries located in Arizona. No additional refineries can be built due to Federal Regulations so these states are dependent on the Lunatics In California for their refined petroleum needs.
As a resident of Northern Nevada I am all in favor of Trump Nationalizing the entire Petroleum Industry in California, from production through transportation and sales
Ernest - funny you mention that - friend of the podcast - Ronald Stein sent me his article to run on News Beat, and I did, and then Michael and I recorded it for tomorrow morning - we talked about the 70% of the Arizona and Nevada comes from Califonria - lots of great stats and I recommend following Ronald Stein. - https://energynewsbeat.co/california-continues-to-devastate-its-economy-for-a-net-zero-dream-world/