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January 1st, 1990
TRI-VALLEY OIL & GAS CO., Bakersfield, Calif., and Phillips Petroleum Co. extended their joint venture gas exploration program in California's Sacramento Valley through 1990. Targets are 20-50 bcf reservoirs at 7,000-12,000 ft in Sacramento, San Joaquin, Solano, Contra Costa, and Yolo counties in and around Rio Vista gas field and several other large gas fields. AMOCO CORP. directors approved a 1990 capital and exploration budget of $3.95 billion, up 13% from the 1989 budget and 17% more
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