On July 22, 2009, Occidental Petroleum announced it had discovered the equivalent of 150 million to 250 million barrels of oil in Kern County, which the company called the largest oil discovery in California in 35 years. The find added about 10 percent to California's known reserves. Occidental's Ray Irani said it is likely that more oil would be found in the areas outside the initial six wells that tapped the discovery. Occidental has not revealed the exact location of the find, two-thirds of which is natural gas. BNET, an industry web publication, said the find would add to the company's 708 million barrels of proven reserves in California.
On July 22 2009, Occidental Petroleum announced it had discovered the equivalent of 150 million to 250 million barrels of oil in Kern County, which the company called the largest oil discovery in California in 35 years. The find added about 10 percent to California's known reserves. Occidental's Ray Irani said it is likely that more oil would be found in the areas outside the initial six wells that tapped the discovery. Occidental has not revealed the exact location of the find, two-thirds of which is natural gas. BNET, an industry web publication, said the find would add to the company's 708 million barrels of proven reserves in California.