The Lost Hills Field is one of a series of oil fields along
anticlines between the
Coalinga Oil Field on the north and the
Midway-Sunset Field on the south, along the western edge of the San Joaquin Valley. These anticlines run closely parallel to the
San Andreas Fault to the west, and formed as a result of compression from
tectonic movement. The Lost Hills Field occupies a portion of a SE-plunging anticline. There are six oil pools in the five producing units, which are, from the top, the
Tulare Formation, of
Pleistocene age; the
Etchegoin Formation, of
Pliocene age; the Reef Ridge Shale, McClure Shale, and Devilwater Shale, members of the
Monterey Formation, of
Miocene age, which can be found in much of coastal California; and the
Temblor formation, underneath the others, of
Oligocene and Miocene age. A well drilled to by
Mobil Oil Corp. in the Williamson Lease identified further rock units as old as the
Upper Cretaceous below the Temblor, but none of these lowest units have had oil pools. The Belridge Diatomite portion of the Monterey Formation defines the productive limits of the field. Characteristic of this rock unit is that it is full of oil – almost 50% of the unit is saturated, and the unit has high porosity, in the 45% to 70% range – but very little of the oil has been recoverable from the unit (only three to four percent so far). According to Chevron's estimate, there are approximately of oil in place in the Lost Hills Field, only five percent of which has been extracted. The oil in place is about twenty times greater than the California Department of Oil and Gas reserves estimate (), which is volume that can be economically produced. Well spacing on Lost Hills varies based on the geologic characteristics in the unit being drilled, with one well per in siliceous shale to one well per in
diatomite. A peculiarity of the Lost Hills operations is the pronounced
subsidence of the ground surface as it collapses into the area vacated by the petroleum after being pumped out. Portions of the hills overlying the oil field have subsided up to in the central region of operations, and subsidence occurs field-wide at a rate of about per year. The dropping land surface causes operational problems, including fractures of well casings, and sometimes complete well failures. Waterflooding – the practice of filling the reservoir with water to push petroleum to recovery wells, and thereby also reoccupying the space vacated by oil and gas – has partially mitigated the problem. Some wells have actually disappeared into craters: in 1976, a
Getty Oil well blew out, and quickly collapsed into a crater over deep and , taking with it the concrete pad, casing, and pumping unit. Yet another Getty well suffered the same fate in 1978. ==History and operations==