Careers HATHAWAY LLC Home Leadership Asset Management Consulting Strategy Operations Affiliations Contact Careers EDISON First commercial production began in 1953 from the Basal Chanac sand. Subsequent development included fluvial sands in the overlying Kern River Formation with similar reservoir properties. Substantial amounts of oil remain in place in the Kern River Formation. Less than 4% of the 59+MMBO has been recovered. Hathaway acquired its interest in 2013 and has amassed ~750 acres in the northern portion of the field. Hathaway has installed a gas pipeline, and obtained permits for cyclic steaming and water disposal. Hathaway drilled nine Basal Chanac horizontal wells, one water disposal well, and one water source well and the infrastructure for future steamflood development. Production grew from zero to 100-200 bopd with cyclic steaming. Proposed development program includes a 96 pattern steamflood in the Kern River and seven additional Basal Chanac horizontal wells. In late 2016, Hathaway acquired two additional leases; Teget and LV Smith. Awaiting approval of a UIC Aquifer Exemption. ©2021 Hathaway, LLC. All Rights Reserved. Designed & Maintained by The Marcom Group.

Careers HATHAWAY LLC Home Leadership Asset Management Consulting Strategy Operations Affiliations Contact Careers JASMIN Commenced in 1946, production at Jasmin targets the Cantleberry sand, a shallow marine shoreline sand with 35% porosity and permeability of 2,500 md. Hathaway LLC has drilled 31 infill wells (nine vertical and 22 horizontal), growing production from approximately 40 BOD to 605 BOPD (highest field production ever) and has cumulatively produced more than 900,000 barrels of oil since mid-2006. Hathaway LLC acquired its original interest through an acquisition from E&B Resources in 2006. Hathaway LLC acquired an additional 160 acres of Cantleberry acreage in 2015. Additional development opportunity remains primarily through in-fill drilling of up to 46 horizontal and vertical PUD and non-proved locations. ©2021 Hathaway, LLC. All Rights Reserved. Designed & Maintained by The Marcom Group.