The Edison field was one of the last fields discovered in California during the boom period of the early 20th century. Unlike other fields alongside the Central Valley which either advertise their existence with tar seeps or with
anticlinal hills which serve as a surface expression for the underlying oil-bearing structures, the Edison field is completely hidden underneath the valley floor. The discovery well for the Edison field was drilled by General Petroleum Corporation in July 1928; it produced of oil per day, an acceptable flow but no gusher; nevertheless it was sufficient to establish that an oil field lay below the flat farmland of the valley southeast of Bakersfield. Early well drilling in the area was almost always of a "
wildcat" nature, with numerous failures, as finding oil-bearing units in the hidden structure was mostly guesswork, until enough borehole logs were available to begin to build a subsurface
lithologic model. During the 1920s the price of oil dropped gradually with new discoveries, including giant fields in the
Los Angeles Basin, the
Central Valley, and
Texas; and with the
Great Depression, and the 1930 discovery of the enormous
East Texas field, the price of oil dropped as low as ten cents a barrel. Drilling during this period was greatly reduced, as the cost to open a new well was unlikely to be recouped unless an exceptional reservoir could be tapped, and few drillers were willing to take this risk, particularly in a field where success was so spotty. After the single well that opened the field's Main Area in 1932, no further wells were put into the Edison field until 1934, during which seven new wells became active, and in 1935 that number had risen to 46. The field reached its peak production in 1953, a time when oil was flowing from all of these areas: in that year over were produced. In the early 1960s, in an effort to restore declining production, several enhanced recovery methods were employed. The first waterflooding operation began in 1963 in the Portals-Fairfax area, and in 1964 both waterflooding and cyclic steam were in use in several areas of the field, with the steam recovery being used on the heavy oil reservoirs such as Racetrack Hill, where a steam system is still in place. The major oil companies, and companies that are ancestors of today's major oil companies, gradually left the field in the decades following 1950.
J. Paul Getty,
Standard Oil of California, Richfield Oil Corporation, Shell and
Mobil all once had holdings on the Edison field. Smaller independents absorbed these holdings, and in 2009 there were 40 separate operators on the field. Some of the largest of these at the end of 2008 were Vaquero Energy, with 352 wells; Naftex Operating Company, with 163, and Sequoia Exploration, Inc. with 93. At the end of 2008, 914 wells remained active on the field, with a field-wide average water cut of 92%. In spite of the declining reserves, some independent operators continue to explore for oil. For example, in 2011 Tri-Valley Corp expanded its operations on the Claflin Lease in the Racetrack Hill area, with intent to drill 22 new wells. ==Notes==