Naval Petroleum Reserve #1 and #2
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| This is one of the most productive oil fields in the country, and for 86 years it was owned by the federal government as part of the National Petroleum Reserve. In 1998, it was sold to Occidental petroleum for $3.65 billion, the largest federal divestiture in American history. The National Petroleum Reserve was established in 1912 as a backup source of crude oil for the federal government, originally for the Navy (it is often still referred to as the Naval Petroleum Reserve). Four sites in the country comprised the Naval Petroleum Reserve: Naval Petroleum Reserve No. 2 is adjacent to Elk Hills, and encompasses another major oil field, the 30,000 acre Buena Vista field; No. 3 is near Casper, Wyoming, and No. 4 is in Alaska, and is shut down. The Reserve gained notoriety for the Teapot Dome scandal of the 1920's, which involved Elk Hills, but primarily the Teapot Dome reserve in Wyoming. Before being sold to Occidental, Elk Hills was owned by the Department of Energy, and had been selling its crude oil on the commercial market since 1977. In addition to producing over 1 billion barrels of oil since 1912, Elk Hills is the largest producer of natural gas and natural gas liquids in California, and is the11th largest oil field in the United States. Elk Hills is a 47,000 acre (75 square mile) field with over 1,000 individual oil pumping units, three power plants, and a co-generation facility. |
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Two miles S of McKittrick
(POINT(-119.4691085815 35.2804255485))
(show on map)
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CA
Kern County |
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| Public Affairs: (202) 586-6503 |
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http://www.fe.doe.gov/nposr/
http://www.fe.doe.gov/techline/tl_elsold.html
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Industrial, Petrochemical Extraction, Petrochemical Plant / Oil Refinery
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