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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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First look: Space Shuttle Endeavour in ready-to-launch position at California Science Center

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First look: Space Shuttle Endeavour in ready-to-launch position at California Science Center


This fall, space fans will get to see the Space Shuttle Endeavour like never before in its new permanent home at the California Science Center in the Exposition Park area. 

What we know:

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The new Samuel Oschin Air and Space Center at the California Science Center officially opens on November 13. 

Also, an introductory film includes footage from Endeavour’s final launch before being retired in 2011. 

“We felt from the beginning this is the most impressive way to see the space shuttle and it gives people views that almost no one ever got a chance to see,” said Jeff Rudolph, President & CEO of the California Science Center. 

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What they’re saying:

Since 2012, Los Angeles has been home to the Space Shuttle Endeavour. It has been on display horizontally at the California Science Center.  

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But the vision was always to have it on display upright

“It’s really exciting and everyone who sees it is in awe and that’s really what we were trying to do was create that real sense of emotional high and inspire people to learn more,” said Rudolph. 

This is the only display of its kind and it can’t be duplicated. The orange tank attached to the shuttle is the last mission-ready one in existence. 

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“I think what we’ve done is present something that is going to be a truly life-changing and transformative experience for education,” said Kenneth Phillips, Curator for Aerospace Sciences at the California Science Center. 

Visitors will also be able to see inside the space craft that carried astronauts to space 25 times, including Mae Jemison, the first Black woman to go to space and now-Arizona Senator Mark Kelly.  

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When the exhibit opens to the public in November, visitors will be able to ride up an elevator alongside the space shuttle and view it from the top. 

“That’s the view that nobody but the crew saw. That was a very special vantage point. Nobody got to do that,” said Phillips. 

What’s next:

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The California Science Center expects the exhibit to be popular. Tickets will go on sale well before the opening. 

ScienceAir and SpaceExposition Park



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5.6 earthquake strikes near Ukiah, triggers alerts across Northern California

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5.6 earthquake strikes near Ukiah, triggers alerts across Northern California


A 5.6 magnitude earthquake shook Northern California on Wednesday morning, according to the U.S. Geological Survey.

The quake was centered 7 miles north of Redwood Valley in Mendocino County, north of Ukiah, and east of Highway 101. It had a depth of 5.0 miles.

A ShakeAlert notification went off on many people’s phones moments before the earthquake hit at 8:10 a.m., initially forecasted as a 6.1 magnitude quake by the U.S. Geological Survey (USGS) and downgraded moments later.

People across Northern California felt the quake. Reports came in from as far away as Eureka, Redding, Sacramento, and the Bay Area. Most people reported light to moderate rolling and shaking.

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Since the initial quake, several aftershocks have hit the same area. Three smaller quakes between 2.6-2.7 magnitude were detected in the same area between 8:17 a.m. and 9:06 a.m., and are expected to continue.

So far, there have not been any reports of major damage or injuries.

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DOJ charges 10 Southern California defendants in largest federal healthcare fraud crackdown in US history

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DOJ charges 10 Southern California defendants in largest federal healthcare fraud crackdown in US history


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Federal authorities on Tuesday charged 10 Southern California defendants in a series of healthcare fraud schemes, including one case involving nearly $270 million in fraudulent Medi-Cal claims and another that allegedly defrauded Medicare out of approximately $27 million.

The charges were part of the Justice Department’s broader “2026 National Health Care Fraud Takedown,” which resulted in charges against 455 defendants nationwide in schemes involving more than $6.5 billion in alleged fraud.

Acting Attorney General Todd Blanche described the operation as “the greatest combined federal and state effort in combating healthcare fraud in history.”

“Fraudsters can no longer rip off American taxpayers,” Blanche said during a news conference announcing the initiative. “If you seek to harm or cheat Americans, we will find you, seize any assets and prosecute you to the fullest extent of the law.”

FBI ADDS 2 FUGITIVES TO ‘MOST WANTED FRAUDSTERS’ LIST AMID HISTORIC $6.5B HEALTHCARE TAKEDOWN: PATEL

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Acting Attorney General Todd Blanche speaks during a news conference announcing what federal officials described as the largest healthcare fraud takedown in U.S. history, resulting in charges against 455 defendants nationwide. (Ken Cedeno / AFP via Getty Images)

In the Central District of California, federal prosecutors brought criminal charges against 10 defendants accused of defrauding government-funded healthcare programs or abusing their positions as medical professionals to illegally prescribe controlled substances.

The U.S. Attorney’s Office for the Central District of California said five individuals were arrested in the greater Los Angeles area for allegedly participating in a scheme that involved submitting nearly $270 million in fraudulent claims to Medi-Cal for expensive prescription drugs.

Among those charged was Christina Mareik, 61, also known as Christina Marie Sanchez Hernandez, of Whittier.

HOSPICE FRAUD USES STOLEN IDENTITIES FOR FAKE PATIENTS

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The Justice Department announced charges against 10 Southern California defendants in connection with multiple healthcare fraud schemes. (Department of Justice)

Prosecutors allege Mareik helped facilitate fraudulent prescriptions that generated nearly $270 million in claims to Medi-Cal, which ultimately paid out more than $178 million.

According to prosecutors, the claims involved expensive drugs containing low-cost generic ingredients that were either not medically necessary or were never provided to the purported recipients.

Authorities said Mareik also sent thousands of fraudulent prescriptions to a co-conspirator and caused the submission of fraudulent prescriptions under her own name.

LOS ANGELES HOSPICE FRAUD REACHES BILLIONS AS MEDICARE PROVIDERS SCAM FEDERAL SYSTEM WITH FAKE COMPANIES

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Federal prosecutors allege Southern California defendants participated in schemes that defrauded Medicare and Medi-Cal of hundreds of millions of dollars. (Department of Justice)

Mareik was arrested June 17 and charged with healthcare fraud.

The charges also include a San Fernando Valley man accused of operating hospice care companies that fraudulently billed Medicare approximately $27 million, according to prosecutors.

Prosecutors also charged Oren David Shachar, 59, of Van Nuys; Abraham Shin, 66, of Corona; and Jeannie Choi, 57, of Torrance.

The three defendants face a 16-count indictment alleging they conspired to defraud Medicare out of approximately $27 million.

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The charges include conspiracy to commit healthcare fraud, healthcare fraud, aggravated identity theft, monetary transactions involving criminally derived property exceeding $10,000, and violations of the Anti-Kickback Statute.

Fox News Digital’s Alexandra Koch contributed to this report.



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