Specifications guide Americas crude oil: May 2020 uniteD StateS assessment coDe Mavg Pavg wavg contRact baSiS Location DeLiVeRy Posted Pricing - California. The Kern River Oil Field has one large producing horizon (Kern River) and two smaller formations, the Vedder and Jewett, discovered in 1981 and 1985, respectively. The 16 acres of Chevron’s Kern River project looks like a moonscape packed with equipment, including a …

The Kern River, originally Rio de San Felipe, later La Porciuncula, is a river in the U.S. state of California, approximately 165 miles (270 km) long.It drains an area of the southern Sierra Nevada mountains northeast of Bakersfield.Fed by snowmelt near Mount Whitney, the river passes through scenic canyons in the mountains and is a popular destination for whitewater rafting and kayaking. Performance Above and Beyond. benchmark price. CRUDE OIL PRICES; BUNKER PRICES; ENERGY NEWS . We believe this strengthens long-term relationships and drives superior performance. Today, 10% of US oil production and 76% of California’s oil production comes from Kern County. Crude oil price differentials are generally not constant over time; they reflect changes in world crude oil markets, as well as more local or crude … Midway Sunset Crude Oil Price Today, United States - California Live & Historical Price Charts USD/Barrel.

Even though the price of Kern River Crude is a posted price, it is linked to the fair-market price, which is the benchmark West Texas Intermediate. Heavy: Angolan Kuito, Venezuelan Laguna, Mexican Mayan, California Kern River Light oil is usually preferred as it is usually less expensive to extract, easier to transport, and contains a higher percentage of hydrocarbons that can be converted to fuel such as gasoline and diesel. The Kern River Oil Field Today.

Chevron has changed its posted prices as shown below: Effective 7:00 AM on the above listed effective date, subject to change without notice, Chevron will pay the following prices per barrel for crude oil and condensate delivered for its account into the custody of its authorized carrier or receiving agent. And it takes an incredible amount of technology to do it.

As recently as Monday, Kern River crude, the California benchmark grade, was going for $31.75 per barrel -- well above the $12 to $15 per barrel minimum that oil companies need to make a profit.

Oil pump jacks and crude oil storage tanks in the Kern River Oil Field along the San Joaquin Valley April 11, 2017 in Bakersfield, California. Our corporate values are explicitly based on integrity and trust. Our headquarters and refinery are located in the central California city of Bakersfield where Kern is an important producer and supplier of California approved gasoline and diesel fuel.

Kern Oil & Refining Co. (Kern) is an independent oil refining and marketing company. For example, if WTI is selling for $60 per barrel and Kern River (a California crude oil) for $45 per barrel, the WTI-Kern River price differential is $15.

The Kern River Formation is of Pliocene-Pleistocene age and lies at depths between 122 m and 400 m (400 ft and 1,312 ft). Loading price data... Sign in. The oil and gas wells that cover the area are on public land leased by the federal Bureau of Land Management. Crude Oil; Natural Gas; Energy Futures; Maritime; Companies; Products; Events; Press Release; Promote your business Register Free.