Mudslides force Vintage Petroleum to shut-in California production - January 23, 2005

Providing coverage of Alaska and northern Canada's oil and gas industryJanuary 2005

Vol. 10, No. 4

Week of January 23, 2005

Mudslides force Vintage Petroleum to shut-in California production

Exploration and production independent Vintage Petroleum said it was forced to shut-in net daily production of about 5,000 barrels of oil and 6 million cubic feet of natural gas in the company’s Ventura County, Calif., operations as a result of heavy rains and mudslides. The volume temporarily shut-in represents about 7.6 percent of the company’s 78,919 barrels of oil equivalent production per day, Vintage said Jan. 14.

“Activity is currently under way to assess the extent of the damage and to restore production to its previous level as quickly as possible, although it is expected that portions of the production will remain shut-in for several weeks,” the company said.

—Ray Tyson

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