September 16, 2024

California crude oil production forecast to 2040 (MBbl/d).

California Oil Production

• California production in 1980-1986 was over 1,000 MBbl/d. Since then, production has continuously declined reaching 325 MBbl/d in 2023.
• Production is expected to continue dropping to about 75 MBbl/d in 2040.
• Average new well EUR in 2014-2023 was 30 MBbl.
• The basin reached a maximum new well average initial productivity in 2013 at 180 Bbl/d.
• Incorrys does not expect any significant drilling in this basin during the forecast period.

California Oil Well Locations and Drilling

2020-2023	Average Lateral Length	1,500 ft
2020-2023	Average Total Well Depth	2,600 ft

Location: Kern County, San Joaquin Valley and the Los Angeles basin. Number of oil wells drilled since 2010: ~ 16,700 Average New Well Initial Productivity in 2023: 63 Bbl/d Peak Production: 2014 (~432 MBbl/d)

 

See Also:

US Oil and Lease Condensate Production Forecast to 2040
Initial Productivity (IP) of Major US Oil Basins 2023
Estimated Ultimate Recovery (EUR) of Major US Oil Basins 2023
Well Depth of Major US Oil Basins 2020-2023