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Trio Petroleum restarts production from California's McCool Ranch oil field

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Trio Petroleum restarts production from California's McCool Ranch oil field


(WO) – Trio Petroleum Corp, a California-based oil and gas company, provided an update on the restart of the McCool Ranch oil field.

Source: Trio Petroleum

On Oct. 18, 2023, the company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in Monterey County, seven miles north of the company’s flagship South Salinas Project. The company is acquiring McCool Ranch primarily through work commitment expenditures.

The restarting of McCool Ranch is currently in-progress and is proceeding favorably. The water disposal well at the field, the San Ardo WD-1 well, has been refurbished and tested and is in excellent condition, with water disposal by injection at this well able to commence as soon as needed.

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The testing and repairs of equipment and facilities, idle since about 2018, are well-advanced and proceeding favorably. While there was concern that the boiler at the field — an important piece of equipment that helps maintain the heat of produced oil at an appropriate temperature (e.g., for moving through lines and loading to trucks for delivery to market) — might require expensive repairs, the company was able to return it to service at minimal cost and it is now up and running properly and efficiently.

Oil production from the six wells collectively peaked at about 400 bpd before the wells were idled in 2015 due to oil prices dropping below $30 per bbl. Returning the field to production will occur in steps, with the 58X-23 and the HH-1-ST2 wells being the first two of the six previously producing oil wells to be returned to production. The company anticipates that each well will initially be produced cold (i.e., without heating with steam) and subsequently put on production using the cyclic steam method.

There are three developed areas at McCool Ranch, and the company’s ownership is in the so-called Hangman Hollow Area that is relatively new and developed with four horizontal oil wells, two vertical oil wells, one water-disposal well, one freshwater well, and the capacity to drill approximately an additional 25 wells.

In addition, a steam generator, boiler, three 5,000 bb tanks, a 250 bbl test tank, water softener facilities, two fresh water tanks, two soft water tanks, in-field steam pipelines, oil pipelines and other facilities are installed at the site. The property is fully and properly permitted for oil and gas production, cyclic-steam injection and water disposal and is being restarted after having been idle since about 2015.

Trio’s cash investment in McCool Ranch is primarily allocated to restart production and is expected to establish important cash flow for the company. The property has significant upside potential, with many undrilled infill and development well locations identified.

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Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California. Trio has a large, approximately 9,267-acre asset called the “South Salinas Project” in Monterey County, where it owns an 85.75% working interest, in addition to the approximate 22% working interest in the McCool Ranch oil field.





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Midterm primaries 2026 live: results and reaction after six states including California and Iowa cast ballots

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Midterm primaries 2026 live: results and reaction after six states including California and Iowa cast ballots


Lucy Campbell

Millions of voters across the country are heading to the polls today in crucial primaries in a slew of key gubernatorial, Senate and House races.

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Here’s a quick rundown of what we’re watching:

California
Voters are casting ballots on who should lead the nation’s most populous state (and the world’s fourth largest economy), where there is no clear leader among candidates vying to advance in the race to succeed term-limited Democratic governor Gavin Newsom. The race for Los Angeles mayor is also on the ballot, along with a series of high-stakes US House contests in the state’s newly redrawn congressional districts – which are set to play an outsized and potentially decisive role in the battle for power in Washington in November’s midterm elections. My colleague Lauren Gambino has more:

Iowa
Per my colleague Chris Stein, with Trump’s approval ratings deep underwater, gas prices high and historical political trends favoring the party out of power, Democrats this year are considering a comeback in Iowa, putting the state at the center of their campaigns to win back control of both the US House and the Senate. That effort for a “once-in-a-generation” breakthrough in the GOP-dominated state is being led by pro-hunting Democrat Rob Sand, who is running for governor. Chris wrote about him below. Democrats also believe they have a shot at winning three of the state’s US House seats and a competitive chance at securing a US Senate seat, where the GOP frontrunner recently called Trump’s war on Iran a “political liability”.

New Jersey
One of this year’s most closely watched House midterms will take place in the battleground district currently represented by now-infamous Republican Tom Kean Jr, who has drawn public scrutiny and concern after missing more than 100 House votes due to an undisclosed illness. Voters are deciding which Democrat will run against him in November – and the seat is a must-win for the party. The frontrunner, veteran army trauma surgeon and political newcomer Adam Hamawy, has secured endorsements from the likes of Bernie Sanders, Alexandria Ocasio-Cortez and Ilhan Omar. My colleague Joseph Gedeon has more:

New Mexico
Contests in the state include primaries for congressional seats, a US Senate seat and a long list of statewide offices, but the governor’s race is the main event. Deb Haaland, who was Joe Biden’s interior secretary, is running for the Democratic nomination, which could put her on a historic path for Native American leaders.

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Montana
In Montana, a five-way Democratic fight is under way for the retiring Republican senator’s seat. Independent Seth Bodnar, former president of the University of Montana, is outraising them all at the moment but they’re refusing to step aside, Politico reports this morning.

South Dakota
The race is on for state governor, Sioux Falls mayor, a US Senate and House seat, a Republican primary for local lawmakers. The incumbent GOP governor Larry Rhoden faces three primary challengers in his first run for a full term. He stepped up into the role from the lieutenant governorship when the former governor, the since-ousted Kristi Noem, left to lead the Department of Homeland Security.

The Associated Press contributed reporting

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Key events

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Joseph Gedeon

On the day Donald Trump endorsed him as a tireless advocate for New Jersey’s seventh district, the representative Tom Kean Jr was, as he has been since early March, nowhere to be found.

Kean, a New Jersey Republican, was last seen when he cast a House floor vote on 5 March, and he is running unopposed in Tuesday’s Republican primary. The Democratic race in his district, meanwhile, has attracted multiple candidates and ample fundraising.

In late April, his office said he was dealing with a “personal medical issue” and would be back “very soon”. He told the New Jersey Globe last month he expected to return within “the next couple of weeks”. In the meantime, Kean’s social media accounts have continued posting regularly, with staff attending ribbon-cuttings and graduation ceremonies on his behalf.

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California Democratic gubernatorial candidate criticized over meeting with trans athlete | Fox News Video

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California Democratic gubernatorial candidate criticized over meeting with trans athlete | Fox News Video


Roxanne Hoge and Stella Escobedo delve into the latest Berkeley IGS poll, revealing the frontrunners in California’s heated gubernatorial race. The discussion extends to the Los Angeles mayoral race, where candidates Karen Bass and Spencer Pratt are locked in a tight contest. Panelists weigh in on candidate endorsements and the broader political landscape ahead of the upcoming elections.



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Steve Hilton says he is ‘well prepared’ to make changes in California

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Steve Hilton says he is ‘well prepared’ to make changes in California


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Republican gubernatorial candidate Steve Hilton speaks with NBC News’ Gadi Schwartz to discuss the primaries, his strategy to break through in California, and the Los Angeles mayoral race.

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