# Total Oil Avg. Daily Cumul. Oil Est. Remaining Active Prod. Oil Prod. Prod. Reserve Year Wells (10^6 Bbl) (10^3 Bbl) (10^6 Bbl) (10^6 Bbl) ========= ======== ========== ============ ============ ============== 1968 11 1.93 5.27 3.45 1969 11 0.54 1.49 3.99 1970 11 0.92 2.52 4.91 1971 12 0.66 1.81 5.58 1972 9 0.76 2.08 6.34 1973 10 1.18 3.22 7.51 1974 11 1.19 3.27 8.71 1975 11 1.20 3.28 9.90 1976 11 1.06 2.90 10.96 5.30 1977 11 1.05 2.88 12.02 4.25 1978 8 0.79 2.17 12.81 3.46 1979 18 2.29 6.28 15.1 15.1 1980 21 2.18 5.96 17.3 12.9 1981 28 2.73 7.48 20.0 10.2 1982 26 3.40 9.30 23.4 43.6 1983 25 3.15 8.63 26.6 40.4 1984 28 3.46 9.45 30.0 37.0 1985 27 2.94 8.04 33.0 34.1 1986 27 2.66 7.29 35.6 31.4 1987 28 2.60 7.11 38.2 28.8 1988 28 2.56 7.00 40.8 26.2 1989 28 1.93 5.29 42.7 24.3 1990 29 2.09 5.71 44.8 22.2 1991 27 1.98 5.42 46.8 20.2 1992 27 1.77 4.85 48.5 18.5 1993 27 1.37 3.76 49.9 17.1 ========= ======== ========== ============ ============ ============== Year # Total Oil Avg. Daily Cumul. Oil Est. Remaining Active Prod. Oil Prod. Prod. Reserve Wells (10^6 Bbl) (10^3 Bbl) (10^6 Bbl) (10^6 Bbl)
The units of volume are petroleum barrels, which I believe are 42 gallons; I abbreviate that unit as `Bbl' above. Because sometimes the words `million' and `billion' are used in the British sense in the oil industry, I have decided to write the units in scientific notation: 10^6 means million, 10^3 means thousand.
Note that new oil wells were commissioned at Holly in the late 1970's; a court case that went to the California Supreme Court had to be settled before this drilling was allowed. See the Santa Barbara News Press , Sep. 18, 1976.
Also, note that the reserves are periodically reassessed by the State Lands Commission. Such reassessments are evident in 1979 and 1982, and describe the increased reserves that were accessed by the new wells drilled around that time.
Mobil indicates that somewhere between 50 million and 65 million barrels are still accessible from Platform Holly. To obtain those reserves, Mobil presumably must drill new wells from Platform Holly. When they do so, the State Lands Commission would increase the reserves, as they did in 1979 and 1982.
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