Information on State Tidelands Oil and Gas Leases

Last Updated: June 7, 2024

Lease: 91
Lessee: SoCal Holding, LLC
Operator: SoCal Holding, LLC
County: Orange
Assigned: June 19, 2014
Field: Huntington Beach
Issue Date: 05/21/1943
Status: Producing
Royalty Rate: Price-based sliding scale on oil (16.7% – 25%)
Bonus: Bid factor 1.63
Bond: $30 Million Blanket Bond – Includes coverage for Leases 91, 163, E-392, 425 and 426
Acreage: 589

Map showing the area for tidelands lease 91 in Orange County

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Selected Staff Reports

Staff Report Description
05/21/1943 (08) Award lease to H. R. Hamilton for a bid factor of 1.63
11/12/1957 (05) Amend lease for 5 years and so long thereafter as oil or gas is produced in paying quantities
04/28/1966 (23) Amend lease for secondary recovery
07/06/1972 (09) Approve a cooperative plan of operation of the 91MZU and E-392 Main Zone Pool
04/30/1975 (24) Approve modification of royalty interest in 91 Main Zone Unit
01/26/1977 (19) Approve resumption of drilling operations on Leases 91, 163, E-392, 425 and 426
06/26/1980 (34) Approve discharge of drill cuttings/mud from Leases 91, 163, E-392, 425, 426, 186 and 3095
07/24/1986 (24) Assign from Phillips Pet. Co. to Shell Calif. Prod. Inc.; increase the blanket bond to $250K and structure bond to $1.5MM
05/03/1995 (58) Implement price-sensitive sliding scale royalty oil formula
10/27/2011 (53) Assignment from Aera Energy LLC to OXY USA Inc.; increase the blanket bond to $30MM
06/19/2014 (72) Assignment from OXY USA, Inc. to SoCal Holding, LLC. Change in Parental Guaranty – removed from agenda
04/05/2016 (65) Amend the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E-392, 425 and 426
10/19/2017 (93) Amendment to reduce the idle well counts, establish a sinking fund, and modify the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E 392, 425 and 426

Lease: 163
Lessee: SoCal Holding, LLC
Operator: SoCal Holding, LLC
County: Orange
Assigned: June 19, 2014
Field: Huntington Beach
Issue Date: 11/15/1944
Status: Producing
Royalty Rate: Price-based sliding scale on oil (16.7% – 25%)
Bonus: Bid factor 1.1
Bond: $30 Million Blanket Bond – Includes coverage for PRCs 91, 163, E-392, 425 and 426
Acreage: 640

Map showing the area for tidelands lease 163 in Orange County

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Selected Staff Reports

Staff Report Description
11/15/1944 (05) Award lease to Signal O&G Co for bid factor of 1.10
01/13/1958 (06) Amendment to comply with P.R.C. 6873
08/18/1964 (13) Renewal and exchange of lease; add habendum clause pursuant to P.R.C. 6827
01/26/1977 (19) Approve resumption of drilling operations on Leases 91, 163, E-392, 425 & 426
06/26/1980 (34) Approve discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 426, 186 and 3095
07/24/1986 (24) Assign from Phillips Pet. Co. to Shell Calif. Prod. Inc.; increase blanket bond to $250K & structure bond to $1.5MM
04/28/1993 (33) Certify EIR; approve cooperative waterflood program for Leases 163, E-392, 425, 426, 3033 and 3413
05/03/1995 (58) Implement of price-sensitive sliding scale royalty oil formula
10/27/2011 (53) Assign from Aera Energy LLC to OXY USA Inc.; increase the blanket bond to $30MM
12/02/2013 (104) Pooling of Leases  163, E-392, 425 and 426
06/19/2014 (72) Assignment from OXY USA, Inc. to SoCal Holding, LLC.  Change in Parental Guaranty – removed from agenda
04/05/2016 (65) Amend the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E-392, 425 and 426
10/19/2017 (93) Amendment to reduce the idle well counts, establish a sinking fund, and modify the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E 392, 425 and 426

Lease: 186
Lessee: California Resources Long Beach, Inc.
Operator: California Resources Long Beach, Inc.
County: Orange
Assigned: December 16, 2002
Field: Belmont Offshore
Issue Date: 09/24/1945
Status: Producing
Royalty Rate: Fixed 17.88%
Bonus: Bid factor 1.1
Bond: $50 Thousand
Acreage: 1,255

Map showing the area for tidelands lease 186 in Orange County

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Selected Staff Reports

Staff Report Description
09/24/1945 (3C) Award lease to Marine Exploration Co. for bid factor of 1.10
09/15/1949 (46) Extend lease; add habendum clause pursuant to P.R.C. 6827
05/26/1952 (27) Approve construction of Belmont Island and drilling of well
11/12/1957 (04) Amendment to comply with P.R.C. 6873
05/13/1958 (07) Approve wharf adjoining island to accommodate equipment and for pilot waterflood
06/11/1958 (03) Approve pilot water flood of shallow producing zone
05/25/1967 (49) Third amendment & modification; secondary recovery
03/25/1971 (22) Amend Cooperative Agreement for water-injection, Ranger Zone, Belmont Oil Field
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
04/28/1976 (17) Approve resumption of drilling operations from existing facilities on Lease 186
06/26/1980 (34) Approve discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 426, 186 and 3095
12/03/1999 (76) Adopt MND; approve removal and abandonment of Belmont Island and associated facilities
12/16/2002 (60) Approve assignment from Chevron/Texaco & Exxon Mobil to OXY Long Beach, Inc.
12/09/2004 (54) Approve OXY LBI request to re-develop Lease 186 from LBU Island Chaffee

Lease: 425
Lessee: SoCal Holding, LLC
Operator: SoCal Holding, LLC
County: Orange
Assigned: June 19, 2014
Field: Huntington Beach
Issue Date: 02/10/1950
Status: Producing
Royalty Rate: Price-based sliding scale on oil (16.7% – 25%)
Bonus: Bid factor 1.1
Bond: $30 Million Blanket Bond – Includes coverage for Leases 91, 163, E-392, 425 and 426
Acreage: 835

Map showing the area for tidelands lease 425 in Orange County

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Selected Staff Reports

Staff Report Description
02/10/1950 (34) Award lease to Southwest Exploration Co. for bid factor of 1.10
01/13/1958 (07) Amendment to comply with P.R.C. 6873
04/12/1961 (10) Approve location and construction (of Platform Emmy); provide $500K structure bond
08/18/1964 (12) Renewal and exchange of lease; add habendum clause pursuant to P.R.C. 6827
07/02/1965 (21) Amendment and modification of lease for secondary recovery operations
01/26/1977 (19) Approve resumption of drilling operations on Leases 91, 163, E-392, 425 and 426
06/26/1980 (34) Approve discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 186 and 3095
07/24/1986 (24) Assign from Phillips Pet. Co. to Shell Calif. Prod. Inc.; increase the blanket bond to $250K and  structure bond to $1.5MM
03/02/1988 (34) Approve modification of Platform Emmy and its satellite platform
04/28/1993 (33) Certify EIR; approve cooperative waterflood program for Leases 163, E-392, 425, 426, 3033 and 3413
05/03/1995 (58) Implement of price-sensitive sliding scale royalty oil formula
10/27/2011 (53) Assignment from Aera Energy LLC to OXY USA Inc.; increase the blanket bond to $30MM
12/02/2013 (104) Pooling of Leases 163, E-392, 425 and 426
06/19/2014 (72) Assignment from OXY USA, Inc. to SoCal Holding, LLC. Change in Parental Guaranty – removed from agenda
04/05/2016 (65) Amend the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E-392, 425 and 426
10/19/2017 (93) Amendment to reduce the idle well counts, establish a sinking fund, and modify the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E 392, 425 and 426

Lease: 427
Lessee: ExxonMobil
Operator: ExxonMobil
County: Ventura
Assigned: May 19, 1950
Field: Rincon Oil
Issue Date: 05/19/1950
Status: Not Producing
Royalty Rate: Sliding scale – minimum 12.5%
Bonus: None
Bond: No Current Bond
Acreage: 148

Map showing the area for tidelands lease 427 in Ventura County

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Selected Staff Reports

Staff Report Description
03/23/1950 (10) Renew and extension of Lease 48 for 10-year period and provide $120K bond
11/12/1957 (03) Amendment to comply with P.R.C. 6873
02/11/1958 (07) Amendment to comply with P.R.C. 6873
05/13/1958 (04) Issue 5-year new lease with habendum clause to General Petroleum Corp
08/27/1959 (06) Approve construction of addition to existing pier
04/28/1960 (21) Approve construction of addition to existing pier
11/21/1974 (08) Approve resumption of drilling operations from existing facilities
01/14/1975 (08) Determine SLC action of 11/21/74 proper; authorize resumption of drilling
11/07/1997 (69) Adopt MND; approve decommissioning program for removal of Ferguson Pier complex
06/19/1998 (107) Remove hazardous structures at Mussel Shoals
09/03/1999 (79) Status of State offshore leases
04/09/2009 (36) Adopt ND; accept full quitclaim of adjacent Lease 429

Lease: 735
Lessee: California Natural Resources Group Ventura County, LLC
Operator:
County: Ventura
Assigned: June 7, 2024
Field: West Montalvo
Issue Date: 06/30/1952
Status: Producing
Royalty Rate: Fixed 16 2/3%
Bonus: Bid factor 1.251
Bond: $7 Million Blanket Bond – Includes cover for Leases 3314 and 735
Acreage: 220

Map showing the area for tidelands lease 735 in Ventura County

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Selected Staff Reports

Staff Report Description
06/30/1952 (42) Award lease to Standard Oil of California for bid factor 1.251
08/16/1955 (03) Amendment to allow dehydration costs
09/23/1992 (73) Assign from Chevron U.S.A. to Berry Petroleum Co; amend royalty to 16 2/3% flat rate; provide $500K bond
09/03/1999 (79) Status of State offshore leases
04/06/2011 (63) Adopt ND; plug seven wells on Lease 735 and re-drill from onshore; provide $2MM bond
10/14/2014 (96) Assignment from Venoco to Vintage Petroleum, LLC
06/07/2024 (72) Assignment from California Resources Petroleum Corporation

Lease: 426
Lessee: SoCal Holding, LLC
Operator: SoCal Holding, LLC
County: Orange
Assigned: June 19, 2014
Field: Huntington Beach
Issue Date: 02/10/1950
Status: Producing
Royalty Rate: Price-based sliding scale on oil (16.7% – 25%)
Bonus: Bid factor 1.1
Bond: $30 Million Blanket Bond – Includes coverage for Leases 91, 163, E-392, 425 and 426
Acreage: 640

Map showing the area for tidelands lease 426 in Orange County

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Selected Staff Reports

Staff Report Description
02/10/1950 (35) Award lease to Signal O&G Co for bid factor of 1.10
01/13/1958 (08) Amendment to comply with P.R.C. 6873
08/18/1964 (14) Renewal and exchange of lease; add habendum clause pursuant to P.R.C. 6827
10/25/1973 (15) Amendment and modification of lease for secondary recovery operations
01/26/1977 (19) Approve resumption of drilling operations on Leases 91, 163, E-392, 425 and 426
06/26/1980 (34) Approve discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 426, 186 and 3095
07/24/1986 (24) Assign from Phillips Pet. Co. to Shell Calif. Prod. Inc.; increase blanket bond to $250K and structure bond to $1.5MM
04/28/1993 (33) Certify EIR; approve cooperative waterflood program for Leases 163, E-392, 425, 426, 3033 and 3413
05/03/1995 (58) Implement of price-sensitive sliding scale royalty oil formula
09/03/1999 (79) Status of State offshore leases
10/27/2011 (53) Assignment from Aera Energy LLC to OXY USA Inc.; increase blanket bond to $30MM
12/02/2013 (104) Pooling of Leases 163, E-392, 425 and 426
06/19/2014 (72) Assignment from OXY USA, Inc. to SoCal Holding, LLC.  Change in Parental Guaranty – removed from agenda
04/05/2016 (65) Amend the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E-392, 425 and 426
10/19/2017 (93) Amendment to reduce the idle well counts, establish a sinking fund, and modify the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E 392, 425 and 426

Lease: 1482
Lessee: Beach Oil Maverick Owner, LLC
Operator: Synergy Oil and Gas, LLC
County: Orange
Assigned: September 9, 1989
Field: Seal Beach
Issue Date: 01/21/1955
Status: Producing
Royalty Rate: Fixed 16 2/3%
Bonus: None
Bond: No Bond – Compensatory Agreement
Acreage: 54

Map showing the area for tidelands lease 1482 in Orange County

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Selected Staff Reports

Staff Report Description
01/21/1955 (07) Issue compensatory royalty agreement to Hancock Oil Company (8.686% State share)
09/03/1999 (79) Status of State offshore leases

Lease: 1824
Lessee: Chevron & ExxonMobil
Operator: Chevron
County: Santa Barbara
Assigned: January 10, 1957
Field: Summerland
Issue Date: 01/10/1957
Status: Not Producing
Royalty Rate: Fixed 12.5%
Bonus: $7,250,606.95
Bond: $50 Thousand
Acreage: 5,500

Map showing the area for tidelands lease 1824 in Santa Barbara County

Click image to enlarge

Selected Staff Reports

Staff Report Description
01/10/1957 (03) Award lease to Standard Oil and Humble Oil & Refining for cash bonus $7,250,606.95
08/08/1957 (05) Approve location and construction (of Platform Hazel)
04/14/1958 (06) Amendment to comply with P.R.C. 6873
03/24/1960 (20) Approve location and construction (of Platform Hilda); provide $500K structure bond
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
10/28/1976 (19) Approve resumption of drilling operations and provide $10MM insurance
11/30/1977 (22) Modification of drilling requirements to 90 days for Leases 1824, 3150 and 4000
02/05/1992 (08) Approve abandonment of 24 wells on Platform Hazel
02/25/1993 (39) Assignment from Atlantic Richfield Co to Mobil Oil Corp.; amend oil royalty to 16 2/3% flat rate
08/03/1994 (54) Adopt MND; abandon & remove Platforms Hazel, Hilda, Hope & Heidi (4H Project)
10/17/1995 (85) Approve abandonment & removal of subsea wells and flow lines from existing O&G leases (SWARS)
06/19/1998 (134) Progress report on well abandonment phase of SWARS Project
09/03/1999 (79) Status of State offshore leases
12/03/1999 (75) Status of shell mounds at site of former 4H Platforms; interim assistance to fishers

Lease: 3033
Lessee: DCOR, LLC
Operator: DCOR, LLC
County: Orange
Assigned: October 20, 2005
Field: Huntington Beach
Issue Date: 07/25/1963
Status: Producing
Royalty Rate: Fixed 17.26%
Bonus: $6,110,000.00
Bond: $21 Million Blanket Bond – Includes coverage for Leases 3414, 3095, and 3033
Acreage: 2,113

Map showing the area for tidelands lease 3033 in Orange County

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Selected Staff Reports

Staff Report Description
07/25/1963 (21) Award Parcel 14 to Union Oil Co. for cash bonus $6,110,000.00
01/30/1964 (13) Approve location and construction (of Platform Eva); provide $500K structure bond
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
12/19/1985 (30) Approve resumption of drilling operations on Lease 3033; $10MM insurance
10/29/1990 (24) Approve First Amendment and Modification of Leases 3033 and 3413 (Secondary Recovery)
04/28/1993 (33) Certify EIR; approve cooperative waterflood program for Leases 163, E-392, 425, 426, 3033 and 3413
05/09/1996 (25) Assignment Union Oil Co. of CA to Nuevo Energy Co; increase blanket bond to $10MM
08/17/2004 (66) Assignment from Nuevo Energy Co to Plains Exploration & Prod. Co.; increase blanket bond to $18MM
10/20/2005 (41) Assignment from Plains Exploration & Prod. Co. to DCOR LLC; increase blanket bond to $21MM

Lease: 3095
Lessee: DCOR, LLC
Operator: DCOR, LLC
County: Orange
Assigned: October 20, 2005
Field: Belmont Offshore
Issue Date: 01/30/1964
Status: Producing
Royalty Rate: Fixed 16.88%
Bonus: $4,066,676.00
Bond: $21 Million Blanket Bond – Includes coverage for Leases 3414, 3095, and 3033
Acreage: 3,360

Map showing the area for tidelands lease 3095 in Orange County

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Selected Staff Reports

Staff Report Description
01/30/1964 (27) Award Parcel 16A to Standard Oil Co of California for cash bonus $4,066,676.00
05/28/1964 (17) Approve location and construction (of Island Esther); provide $500K structure bond
11/21/1968 (42) Approve First Amendment and Modification of Lease 3095 (Secondary Recovery)
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
11/21/1974 (24) Approve resumption of drilling operations on Lease 3095 (Island Esther)
06/26/1980 (34) Approve discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 426, 186 and 3095
04/28/1983 (32) Acknowledge Force Majeure due to 01/21/83 storm that destroyed Island Esther
10/24/1985 (EO Report) Island Esther Platform replacement begun 10/14/85
05/09/1996 (25) Assignment Union Oil Co. of Calif. to Nuevo Energy Co; increase blanket bond to $10MM
08/17/2004 (66) Assignment from Nuevo Energy Co to Plains Exploration & Prod. Co.; increase blanket bond to $18MM
10/20/2005 (41) Assignment from Plains Exploration & Prod. Co. to DCOR LLC; increase blanket bond to $21MM

Lease: 3314
Lessee: California Natural Resources Group Ventura County, LLC
Operator:
County: Ventura
Assigned: June 7, 2024
Field: West Montalvo
Issue Date: 07/02/1965
Status: Producing
Royalty Rate: Sliding scale 16 2/3% – 50%
Bonus: $3,299,685.00
Bond: $7 Million Blanket Bond – Includes cover for Leases 3314 and 735
Acreage: 5430

Map showing the area for tidelands lease 3314 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
07/02/1965 (31) Award Parcel 25 to Shell Oil Company for cash bonus $3,299,685.00
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
04/29/1981 (24) Certify EIR 281; resume exploratory drilling operations; provide $10MM insurance
04/27/1982 (22) Certify ND; approve exploratory drilling from onshore site
09/03/1999 (79) Status of State offshore leases
04/06/2011 (63) Adopt ND; plug seven wells on Lease 735 and re-drill from onshore; provide $2MM bond
10/14/2014 (96) Assignment from Venoco to Vintage Petroleum, LLC
06/07/2024 (72) Assignment from California Resources Petroleum Corporation

Lease: 3413
Lessee: DCOR, LLC
Operator: DCOR, LLC
County: Orange
Assigned: October 20, 2005
Field: Huntington Beach
Issue Date: 12/01/1965
Status: Injecting
Royalty Rate: Fixed 17.26%
Bonus: None
Bond: $21 Million Blanket Bond – Includes coverage for Leases 3414, 3095, and 3033
Acreage: 1,871

Map showing the area for tidelands lease 3413 in Orange County

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Selected Staff Reports

Staff Report Description
11/18/1965 (14) Partial assignment (partition) of Lease PRC 3177 from Signal O&G Co to Union Oil Co.
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/1969
10/29/1990 (24) Approve First Amendment and Modification of Leases 3033 and 3413 (Secondary Recovery)
04/28/1993 (33) Certify EIR; approve cooperative waterflood program for Leases 163, E-392, 425, 426, 3033 and 3413
05/09/1996 (25) Assignment Union Oil Co. of Cal to Nuevo Energy Co; increase blanket bond to $10MM
08/17/2004 (66) Assignment from Nuevo Energy Co to Plains Exploration & Prod. Co.; increase blanket bond to $18MM
10/20/2005 (41) Assignment from Plains Exploration & Prod. Co. to DCOR LLC; increase blanket bond to $21MM

Lease: 4736
Lessee: SoCal Holding, LLC
Operator: SoCal Holding, LLC
County: Orange
Assigned: June 19, 2014
Field: Huntington Beach
Issue Date: 01/25/1973
Status: Producing
Royalty Rate: Fixed 16 2/3%
Bonus: None
Bond: No Bond – Compensatory Agreement
Acreage: 70

Map showing the area for tidelands lease 4736 in Orange County

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Selected Staff Reports

Staff Report Description
01/26/1973 (14) Authorize BLA 137 and issue O&G lease PRC 4736 to Signal Companies
01/24/1980 (33) Approve contract with Orange County to conduct energy production and facility relocation study
07/24/1986 (24) Assign from Phillips Pet. Co. to Shell Calif. Prod. Inc.; increase blanket bond to $250K and structure bond to $1.5MM
05/09/1996 (65) Authorize EO to approve interagency agreements and MOUs for financing environmental assessment of Bolsa Chica
02/12/1997 (89) Accept 25-acre parcel from Bolsa Chica Land Trust
02/12/1997 (90) Purchase 880 acres for full tidal basin for $25MM; accept from Ports of LB & LA $55.7MM
09/03/1999 (79) Status of State offshore leases
12/09/2004 (44) Agreement to compensate AERA Energy LLC for impacts to O&G operations; Bolsa Chica restoration
10/27/2011 (53) Assignment from Aera Energy LLC to OXY USA Inc.; increase blanket bond to $30MM
06/19/2014 (72) Assignment from OXY USA, Inc. to SoCal Holding, LLC. Change in Parental Guaranty – removed from agenda

Lease: E-392
Lessee: SoCal Holding, LLC
Operator: SoCal Holding, LLC
County: Orange
Assigned: June 19, 2014
Field: Huntington Beach
Issue Date: 09/20/1938
Status: Producing
Royalty Rate: Price-based sliding scale on oil (16.7% – 25%)
Bonus: Bid factor 1.1
Bond: $30 Million Blanket Bond – Includes coverage for Leases 91, 163, E-392, 425 and 426
Acreage: 835

Map showing the area for tidelands lease E-392 in Orange County

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Selected Staff Reports

Staff Report Description
09/02/1958 (05) Renewal and exchange of lease; add habendum clause pursuant to P.R.C. 6827
05/28/1959 (17) Approve pilot water injection program
11/06/1963 (21) Amendment and modification of lease for secondary recovery operations
03/26/1970 (20) Approve Line Flood Agreement for Lower Main Zone
07/26/1971 (14) Approve Line Flood Agreement dated 01/27/1971; rescind 03/26/1970 action
07/06/1972 (09) Approve a cooperative plan of operation of the 91 Main Zone Unit and 392 Main Zone Pool
01/26/1977 (19) Approve resumption of drilling operations on Leases 91, 163, E-392, 425 and 426
06/26/1980 (34) Approve discharge of drill cuttings and mud from Leases 91, 163, E-392, 425, 186 and 3095
07/24/1986 (24) Assign from Phillips Pet. Co. to Shell Calif. Prod. Inc.; increase the blanket bond to $250K and  structure bond to $1.5MM
04/28/1993 (33) Certify EIR; approve cooperative waterflood program for Leases 163, E-392, 425, 426, 3033 and 3413
05/03/1995 (58) Implement of price-sensitive sliding scale royalty oil formula
10/27/2011 (53) Assignment from Aera Energy LLC to OXY USA Inc.; increase the blanket bond to $30MM
12/02/2013 (104) Pooling of Leases 163, E-392, 425 and 426
06/19/2014 (72) Assignment from OXY USA, Inc. to SoCal Holding, LLC. Change in Parental Guaranty – removed from agenda
04/05/2016 (65) Amend the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E-392, 425 and 426
10/19/2017 (93) Amendment to reduce the idle well counts, establish a sinking fund, and modify the price-based sliding scale royalty for State Oil and Gas Leases 91, 163, E 392, 425 and 426

Lease: 145 – Quitclaimed December 12, 2017
Lessee: Rincon Island L.P.
Operator: Rincon Island L.P.
County: Ventura
Assigned: November 2002
Field: Rincon Oil
Issue Date: 07/03/1944
Status: Not Producing
Royalty Rate: Fixed 16 2/3%
Bonus: Bid factor 1.21
Bond: $5 Million
Acreage: 326

Map showing the area for tidelands lease 145 in Ventura County

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Selected Staff Reports

Staff Report Description
05/05/1944 (02) Award to Beloil Corp (1/3), Lido Pet (1/3), OC Field Gasoline Corp (1/3) for bid factor 1.21; provide $25K bond
06/19/1944 (02) Seek agreement on amendment to conform with Lease 144
08/03/1944 (06) Execute lease and amendments; lessee has acquired surface leases
10/14/1948 (12) Partial quitclaim and modification of drilling requirement for deep test
02/26/1964 (09) Issue new lease with habendum clause pursuant to P.R.C. 6827 and P.R.C. 6873
08/28/1969 (27) Assign from J A Bell (1/2 interest) and Neptune Corp (1/2 interest) to Petrol Industries provide $100K bond
09/24/1980 (19) Approve resumption of drilling operations from existing facilities
03/02/1988 (21) Amend royalty and provide $4MM bond
10/17/1995 (84) Assign from Berry Pet. to Rincon Island LP; Torch is operator; Berry & Arco remove structures; $4.6MM bond
09/03/1999 (79) Status of State offshore leases

Lease: 410 – Quitclaimed December 12, 2017
Lessee: Rincon Island L.P.
Operator: Rincon Island L.P.
County: Ventura
Assigned: November 2002
Field: Rincon Oil
Issue Date: 04/17/1949
Status: Not Producing
Royalty Rate: Fixed 16 2/3%
Bonus: None
Bond: $5 Million
Acreage: 50

Map showing the area for tidelands lease 410 in Ventura County

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Selected Staff Reports

Staff Report Description
06/14/1949 (06) Renew and extension of Lease 52 for 10-year period to Richfield Oil Company
10/14/1958 (09) Issue 5-year new lease with habendum clause to Richfield Oil Corp
06/27/1974 (15) Assign from Atlantic Richfield to Norris Oil Co; provide $100K blanket bond
03/31/1977 (22) Approve resumption of drilling operations from existing facilities
05/23/1985 (40) Amend royalty due date on gas
07/11/1986 (01) Reduce royalty rate on Leases 410, 429, 1466 to 08/01/91; deposit $1MM; spend $200K/year
11/20/1986 (23) Continuation of amendment dated 07/11/86 for Leases 410, 429, 1466
09/23/1987 (32) Amend royalty rate on Leases 410, 429 1466
11/19/1987 (14) Partial assignment from Bush to Tenneco, amend to use single $4MM bond
10/17/1995 (84) Assign from Berry Pet. to Rincon Island LP; Torch is operator; Berry & Arco remove structures; $4.6MM bond
06/19/1998 (107) Remove hazardous structures at Mussel Shoals
09/03/1999 (79) Status of State offshore leases

Lease: 421 – Quitclaimed April 13, 2017
Lessee: Venoco, LLC
Operator: Venoco, LLC
County: Santa Barbara
Assigned: July 11, 1997
Field: South Ellwood
Issue Date: 10/22/1949
Status: Not Producing
Royalty Rate: Fixed 16 2/3%
Bonus: None
Bond: $14 Million
Acreage: 68

Map showing the area for tidelands lease 3095 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
11/21/1949 (06) Issue 10-year extension of Lease 89, Bankline Oil Co.
10/05/1959 (19) Issue 5-year new lease with habendum clause to Signal Oil & Gas Co.
07/24/1980 (09) Authorize construction of new trestle well 421-1
10/30/1981 (26) Authorize construction of new trestle well 421-2
10/24/1985 (27) Assignment Phillips Pet. to Atlantic Richfield; requires air emission offsets (Seep Tent)
12/19/1985 (28) Confirm agreement for seep containment MOU Commission action 10/24/85
02/25/1993 (39) Assignment from Atlantic Richfield Co to Mobil; amend oil royalty to 16 2/3% flat rate
07/11/1997 (76) Assignment from Mobil to Venoco and amend lease to increase bond
06/07/2004 (58) Certify EIR and authorize pier removal; Issue general lease to DF&G for maintenance of Bird Island
12/09/2004 (54) Accept $210K from ARCO for maintenance of Bird Island; approve interagency agreement
06/20/2005 (48) Solicit proposals to prepare EIR for resumption of production
07/12/2013 (03) Lease amendment to increase bonding to $10MM with periodic adjustments
04/23/2014 (91) Deferred; certify FEIR for recommissioning project
12/17/2014 (72) Certify Final EIR. Adopt findings and approve revised project

Lease: 1466 – Quitclaimed December 6, 2017
Lessee: Rincon Island L.P.
Operator: Rincon Island L.P.
County: Ventura
Assigned: November 2002
Field: Rincon Oil
Issue Date: 08/29/1955
Status: Shut-in
Royalty Rate: Fixed 16 2/3%
Bonus: Bid factor 5.2375
Bond: $5 Million
Acreage: 1,175

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Selected Staff Reports

Staff Report Description
12/17/1954 (03) Award lease to Richfield Oil Corp for bid factor 5.2375
03/11/1957 (04) Lease bond shall be $500K for removal of island
05/13/1958 (06) Amendment to comply with P.R.C. 6873
04/25/1968 (33) Amend and modify lease for secondary recovery
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
10/30/1980 (21) Approve resumption of drilling operations from existing facilities
11/17/1980 (02) Amend Commission action 10/30/80; resumption to comply with SLC rules and regulations
12/16/1980 (36) Amendment to provide 16-2/3% to 50% royalty oil formula for deep well
07/11/1986 (01) Reduce royalty rate on Leases 410, 429, 1466; deposit $1MM; spend $200K/year
11/20/1986 (23) Continuation of amendment dated 07/11/86 for Leases 410, 429, 1466
09/23/1987 (32) Amend royalty rate on Leases 410, 429 1466
11/19/1987 (14) Partial assignment from Bush to Tenneco, amend to use single $4MM bond
02/06/1989 (56) Certify ND; approve drilling exploratory deep well from Rincon Island
10/17/1995 (84) Assign from Berry Pet. to Rincon Island LP; Torch is operator; Berry & Arco remove structures; $4.6MM bond
06/23/2011 (127) Approve emergency repair to Rincon Island causeway

Lease: 3120 – Quitclaimed April 13, 2017
Lessee: Venoco, LLC
Operator: Venoco, LLC
County: Santa Barbara
Assigned: July 11, 1997
Field: South Ellwood
Issue Date: 04/29/1964
Status: Not Producing
Royalty Rate: Fixed 16 2/3%
Bonus: $352,111.15
Bond: $14 Million
Acreage: 3,324

Map showing the area for tidelands lease 3120 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
04/29/1964 (31) Award Parcel 18A to Richfield Oil Corp and Socony Mobil Oil Co for cash bonus $352,111.15
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
10/28/1971 (12) Approve 1st Amendment of Leases 3120 and 3242 (secondary recovery)
02/25/1982 (34) Approve resumption of drilling operations on Leases 3120 and 3242
11/05/1991 (41) Coal Oil Point litigation settlement and quitclaim of Leases 308 and 309
02/25/1993 (39) Assignment from Atlantic Richfield Co to Mobil; amend oil royalty to 16 2/3% flat rate
07/11/1997 (76) Assignment from Mobil to Venoco and amend lease to increase bond
09/03/1999 (79) Status of State offshore leases
12/08/2005 (68) Enter contract with UCSB to gather offshore O&G seep data and investigate containment methods
07/12/2013 (03) Lease Amendment and increase bonding amount

Lease: 3150 – Quitclaimed November 14, 2017
Lessee: Venoco, LLC / ARCO
Operator: Venoco, LLC
County: Santa Barbara
Assigned: February 8, 2000
Field: Carpinteria
Issue Date: 07/28/1964
Status: Not Producing
Royalty Rate: Sliding scale 16 2/3% – 50%
Bonus: $18,666,555.66
Bond: $50 Thousand
Acreage: 4,012

Map showing the area for tidelands lease 3150 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
07/28/1964 (29) Award Parcel 21 to Richfield Oil Corp & Standard Oil Co for cash bonus $18,666,555.66
09/24/1964 (19) Approve location and construction (of Platform Hope); provide $500K structure bond
05/27/1965 (21) Approve location and construction (of Platform Heidi); provide $500K structure bond
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
10/28/1976 (19) Approve resumption of drilling operations and provide $10MM insurance
11/30/1977 (22) Modification of drilling requirements to 90 days for Leases 1824, 3150 & 4000
10/29/1979 (39) Certify EIR; approve modifications of Platforms Hope and Heidi
12/17/1981 (27) Certify EIR; approve resumption of limited drilling from Platform Heidi; provide $10MM insurance
08/29/1985 (31) Certify EIR; approve resumption of drilling from Lease 3150; provide $10MM insurance
08/03/1994 (54) Adopt MND; abandon & remove Platforms Hazel, Hilda, Hope & Heidi (4H Project)
10/28/1996 (55) Assign from Atlantic Richfield & Chevron USA South Lease to Carone Petroleum Corp
09/03/1999 (65) Authorize Chevron to proceed with core drilling operations at 4H platform sites
12/03/1999 (75) Status of shell mounds at site of former 4H Platforms; interim assistance to fishers
02/08/2000 (50) Assignment of 100% of Chevron’s 50% interest in the subsurface to Venoco

Lease: 3242 – Quitclaimed April 13, 2017
Lessee: Venoco, LLC
Operator: Venoco, LLC
County: Santa Barbara
Assigned: July 11, 1997
Field: South Ellwood
Issue Date: 04/08/1965
Status: Not Producing
Royalty Rate: Fixed 16 2/3%
Bonus: $3,667,111.00
Bond: $14 Million
Acreage: 4,290

Map showing the area for tidelands lease 3242 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
04/08/1965 (01) Award Parcel 24 to Richfield Oil Corp. and Socony Mobil Oil Co for cash bonus $3,667,111.00
04/28/1966 (11) Approve location and construction (of Platform Holly); provide $500K structure bond
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
10/28/1971 (12) Approve 1st Amendment of Leases 3120 and 3242 (secondary recovery)
02/09/1982 (30) Approve Coal Oil Point oil and natural gas seep containment
02/25/1982 (34) Approve resumption of drilling operations on Leases 3120 and 3242
12/19/1985 (28) Confirm agreement for seep containment MOU Commission action 10/24/85
11/05/1991 (41) Coal Oil Point litigation settlement and quitclaim of Leases 308 and 309
02/25/1993 (39) Assignment from Atlantic Richfield Co to Mobil; amend oil royalty to 16 2/3% flat rate
07/11/1997 (76) Assignment from Mobil to Venoco and amend lease to increase bond
09/03/1999 (79) Status of State offshore leases
07/12/2013 (03) Lease Amendment and increase bonding amount

Lease: 3133 – Terminated June 28, 2019
Lessee: ExxonMobil
Operator: ExxonMobil
County: Santa Barbara
Assigned: May 28, 1964
Field: Carpinteria
Issue Date: 05/28/1964
Status: Not Producing
Royalty Rate: Sliding scale 16 2/3% – 50%
Bonus: $22,002,500.00
Bond: $50 Thousand
Acreage: 5,535

Map showing the area for tidelands lease 3133 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
05/28/1964 (02) Award Parcel 19 to Humble Oil & Refining for cash bonus $22,002,500.00
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
12/17/1981 (27) Certify EIR; approve resumption of limited drilling from Platform Heidi; provide $10MM insurance
09/03/1999 (79) Status of State offshore leases
06/28/2019 (98) Termination of state oil and gas Leases 3133, 4000 and 7911

Lease: 4000 – Terminated June 28, 2019
Lessee: Carone Petroleum Corp.
Operator: PACOPS
County: Santa Barbara
Assigned: October 28, 1996
Field: Carpinteria
Issue Date: 08/28/1968
Status: Not Producing
Royalty Rate: Sliding scale 16 2/3% – 50%
Bonus: $361,408.00
Bond: $50 Thousand Cash Deposit
Acreage: 204

Map showing the area for tidelands lease 4000 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
08/28/1968 (50) Award Parcel 60 to Standard Oil and Atlantic Richfield Co for cash bonus $361,408.00
04/29/1971 (17) Extend drilling operations due to informal moratorium est. 02/01/69
10/28/1976 (19) Approve resumption of drilling operations and provide $10MM insurance
11/30/1977 (22) Modification of drilling requirements to 90 days for Leases 1824, 3150 & 4000
12/17/1981 (27) Certify EIR; approve resumption of limited drilling from Platform Heidi; provide $10MM insurance
09/03/1999 (79) Status of State offshore leases
04/09/2009 (41) Find Carone Petroleum Corp in default for failure to pursue with diligence lease development – deferred
06/01/2009 (66) Find Carone Petroleum Corp in default unless certain conditions are met
06/28/2019 (98) Termination of state oil and gas Leases 3133, 4000 and 7911

Lease: 7911 – Terminated June 28, 2019
Lessee: Carone Petroleum Corp.
Operator: PACOPS
County: Santa Barbara
Assigned: October 28, 1996
Field: Carpinteria
Issue Date: 11/01/1996
Status: Not Producing
Royalty Rate: Sliding scale 16 2/3% – 50%
Bonus: None
Bond: $50 Thousand Cash Bond
Acreage: 1,541

Map showing the area for tidelands lease 7911 in Santa Barbara County

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Selected Staff Reports

Staff Report Description
10/28/1996 (55) Assign southern portion of Lease 3150 and all Lease 4000 to Carone Petroleum Corp
09/03/1999 (79) Status of State offshore leases
04/09/2009 (41) Find Carone Petroleum Corp in default for failure to pursue with diligence lease development – deferred
06/01/2009 (66) Find Carone Petroleum Corp in default unless certain conditions are met
06/28/2019 (98) Termination of state oil and gas Leases 3133, 4000 and 7911