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Some of World’s Most Expensive Oil Is Being Pumped in California!
We are very fortunate our 24 gravity oil reserves in the Edison field is part of this highest priced oil in California. It is equal to the Buena Vista pricing you see below.
In the golden hills of California’s San Joaquin Valley, oil jacks pump what is among the world’s most expensive types of crude. Buena Vista’s posted price is more than $10 above West Texas Intermediate futures and almost $3 more than Brent. Today it is :
The oil is also more expensive than international grades such as Dubai and Oman. There is limited reserves of Buena Vista crude that is produced. About 1.2 million barrels were pumped from the century-old field in all of 2017, or a little more than 3,000 a day, state data show.
California refiners have few links to the U.S.’s growing shale production in Texas and North Dakota and are therefore reliant on the state’s own diminishing supplies. What isn’t produced locally must be shipped in by tanker from Alaska, Saudi Arabia and other far off locations. This dependence has made California crude more valuable at a time of sanctions that have cut off Venezuelan supply and production cuts by OPEC and its allies.
This link is where you can find the information:
For up to date Buena Vista Oil pricing please use this link:
If you scroll down to California Oil Indexes you will see the most current published pricing for our Buena Vista Oil – Respectively speaking, Kern Oil and Refining in Bakersfield, CA, pays us on average $10.00 a barrel over the stated price of Brent Crude Oil.
The buzz around the oil market is quickly turning positive, we believe we’ve finally gotten through the slump. Oil prices have been down for quite some time, but the storm has passed. See out our latest project here.
We always make sure our clients are well informed about the investment oppourtunity and associated risks with investing.
Northwest is an independent oil company – which means no excessive red tape or fees; just sit back and receive your monthly check.
Due to technology lowering costs, and export prices rising; there is huge room for growth in the Oil sector.
Oil and gas high ROI investments
Why is oil a great investment
Direct Oil and Gas Investments boast some of the best tax incentives available to investors. Let us show you how you can decrease your tax liability, while boosting your cash flow with a monthly check.
Is the demand for oil growing?
Is supply for oil decreasing?
What does high demand and low supply mean?
Michael co-founded Northwest Petroleum in 1987. He has broad experience and understands both the investment and production sides of the business. He started his career at EF Hutton as a security broker. He left that profession and began a career in what would be one of his passions—oil and gas industry.
Michael worked as a drilling consultant and supervisor for Red Bird Petroleum in Texas. He formed a partnership and together they started Glenco Drilling in Kentucky acting as field manager for exploration and completion programs, including drilling and/or completion and production of 50+ wells. Michael became President and Chief Executive Officer of Petrodyne Ltd…….
What people think of investing with Northwest Petroleum Inc.
“Best investment I’ve made, still getting checks regularly”
Best investment I've made, still getting checks regularly. Staff is extremely helpful and knowledgeable. I don't know where I'd be if I didn't put money in this. Me and my family thanks you, highly recommended!Mark
I have invested in 127 wells with 30 different groups. Northwest Petroleum is the only one where I still receive regular checks. The other 29 groups have either disappeared or send requests for additional investment due to cost overruns.BN
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Please contact us today if you are interested in investing in the gas and oil industry, we have over 30 years experience and can give you free, impartial advice.
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2014 E. Street, Bakersfield, California