The Saticoy field is within the Ventura Basin Province of southern California. Geologically, this area is part of a structural
downwarp that occurred during the late
Pliocene. Within the Ventura Basin are some of the richest agricultural fields in California, made possible by the thick
alluvial topsoil left by tens of thousands of years of floods from the area's river systems. The basin is filled with
sedimentary layers, and cut through from northeast to southwest by the
Oak Ridge Fault. In the Saticoy field, oil is trapped both in pinchouts of updipping permeable sedimentary units within units of lesser permeability, and in sedimentary units which end abruptly at the Oak Ridge Thrust Fault; oil migrating upwards within permeable units, in this case, encounters an impermeable barrier of rock placed there by the fault. Horizontally, the fault defines the course of the Santa Clara River and the northern base of the hills south of the river (including South Mountain), and is part of the fault complex responsible for the
1994 Northridge earthquake. The fault bounds the field on the southeast; many of the oil-bearing units have been deformed so as to be aligned almost vertically, especially in the lower zones. The sedimentary units are predominantly
turbidites, and are of
Pleistocene and Pliocene age. From the top down, the units are the Pleistocene
Santa Barbara Formation, which contains the producing horizon labeled the "Upper F Zone"; and the Upper Pliocene
Pico Sand, which contains the horizons labeled "Lower F Zone", "G Zone", "H Zone", "I Zone", "J Zone", and "K Zone." Most of the oil is between below ground surface. Oil is of medium gravity and low sulfur content throughout, varying little between the different producing horizons.
API gravity varies from 30 to 36. The shallowest producing formation, the Upper F Zone, has an average depth of below ground surface, and the deepest, the K, has an average depth of . ==History, production and operations==