Offshore Southern California - Beta
Our offshore properties, also known as the Beta fields, include: two wellbore
production platforms and one production handling and processing platform. The Beta properties also
includes the San Pedro Bay Pipeline Company, which owns and operates a 16- inch diameter oil pipeline
that extends approximately 17.5 miles from of the processing platforms to the Beta pump station located
onshore at the Port of Long Beach, California. Our Beta
properties contained 19.1 MMBbls of estimated net proved oil reserves as of December 31, 2024.