California’s largest independent sells Orcutt Hill Field near L.A.
Debra Beachy, Petroleum News contributing writer
Houston-based Nuevo Energy Co. has sold Orcutt Hill field and several surface tracts for $12.9 million. Orcutt Hill was the company’s last onshore California field outside of the San Joaquin Basin, the company said in an Aug. 28 press release.
The field is near Orcutt, Calif., in the general vicini....
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