An oil conference returning to Bakersfield next week promises to share insights into recent efforts to tap the Monterey Shale and other geological formations attracting industry interest to the southern Central Valley.
The $1,799-per-person event, titled Tight Oil Reservoirs California 2013, is expected to examine success stories and help guide investors through the complex geological, technological and regulatory hurdles facing oil complex anxious to produce in the Monterey, Kreyenhagen, diatomite and surrounding formations.
"Issues unique to California can only be solved by focusing wholly upon California," noted Jake McNulty, marketing manager for American Business Conferences, organizer of the second annual conference set for Wednesday and Thursday at the DoubleTree by Hilton, 3100 Camino Del Rio Court.
By federal estimates, the Monterey is the nation's largest shale oil deposit, holding as many as 15.4 billion barrels. It has prompted large investments from around the country in recent years.
But it has also brought frustration as oil field operators wrestle with complex geologies, steep dropoffs in production rates and disagreement over what are the most promising technologies to bring to bear.
Among the speakers are local industry executives, regulators and geologists.
Registration information is available online at www.tight-oil-monterey-california-2013.com.