Sacramento Basin, Central California

Central California

This page updated 02/20/2024

In May 2022, we acquired Reabold California, LLC (“Reabold”) from a third party.  This property includes producing wells in both Monterey and Contra Costa counties of California.

Monterey and Contra Costa Counties, California (Reabold California, LLC)

In May 2022, we acquired Reabold California, LLC (“Reabold”) from a third party. This property includes producing wells in both Monterey and Contra Costa counties of California. Reabold is a wholly owned subsidiary of Daybreak.

Monterey County Properties

The Burnett Lease and the Doud Lease are located in close proximity to each other in the Salinas Valley near Greenfield in Monterey County, California. They are part of a geological feature named the Monroe Swell. The Burnett Lease presently has two directional wells that are being produced from a depth of 2,900’ from the Beedy Sand zone. The crude oil being produced is approximately 17° API gravity. We have future plans of drilling one horizontal well on this lease and to convert an old well bore into a salt water disposal well (“SWD”). We are currently permitting the SWD well. The Doud Lease has four directional well bores that are temporarily shut-in awaiting further evaluation. The produced crude oil is approximately 23° API gravity. We have future plans of drilling one additional directional well on this lease. The SWD well for the Burnett Lease will be utilized for the Doud lease as well.

Contra Costa County Property

The Brentwood Lease is located in the southern portion of the Sacramento Basin in the East Bay region of the San Francisco Bay area near the City of Brentwood in Contra-Costa County, California. This lease is part of a geological feature named the Meganos Unconformity and produces both crude oil and natural gas. As of February 28, 2023, there were two directional wells producing from this lease. A work over was successfully completed on a third well to decrease water production and to increase crude oil production. This third well will be put back on production once the Sunflower Alliance lawsuit with the State of California is settled and a SWD permit has been approved. The wells are producing from the Second Massive Sand from a depth of between 4,000’ 4,500’. The crude oil being produced is approximately 38° gravity.

Central California Drilling Plans

In the Monterey and Contra Costa County project areas we plan to drill two disposal wells, one in each county, which will allow us to return to production the 10 wells that were a part of the Reabold acquisition. We are awaiting the settlement of the Sunflower lawsuit against the State of California and CalGEM before we can receive final regulatory approval to proceed with these projects. We do not anticipate proceeding with these projects in the 2023 – 2024 fiscal year.