In the Ventura field, the large-scale structural feature responsible for petroleum accumulation is the Ventura Anticline, an east–west trending geologic structure long, visible in the numerous rock outcrops in the rugged topography of the area. This
anticline dips steeply on both sides, with the dip angle ranging from 30 to 60 degrees, resulting in a series of rock beds resembling a long house with a gabled roof, under which oil and gas collect in abundance. Within this feature, the primary petroleum-bearing unit is the
Pico Formation, a
sedimentary unit of
turbidite sands of high porosity (16 to 20 percent)). Additionally, oil is found in the underlying
Santa Margarita Formation. Eight different oil-bearing zones have been identified by number, 1st through 8th based on depth, with the 2nd zone the first to be discovered, in March 1919 by the Shell Oil Company. The pools range in depth from to over , although depth within each pool varies greatly; the discovery well into the 2nd zone, which has an average depth of , had a total depth of only . Even with the impermeable caps and structural traps, there are enough breaks in the structure for significant natural tar seeps to occur; indeed the entire region is riddled with natural seeps, and tar was used by the native
Chumash peoples as a sealant for their watercraft. Oil gravity and sulfur content is similar in all pools in the field, with an
API gravity of 29-30 and approximately 1 percent sulfur by weight. ==History, production and operations==