Our operations in California are concentrated in several large, complex oil fields within the Los Angeles Basin. For the year ended December 31, 2009, our California average production was approximately 3.2 MBoe/d. Estimated proved reserves attributable to our California properties as of December 31, 2009 were 15.1 MMBoe. Our four largest fields, Santa Fe Springs, East Coyote, Rosecrans and Sawtelle, made up approximately 90 percent of our production in 2009 and 88 percent of our estimated proved reserves in California as of December 31, 2009. In 2009, we drilled four productive development wells and no dry development wells in California. Our capital spending in California for the year ended December 31, 2009 was approximately $8 million.

Santa Fe Springs Field
Our largest property in the Los Angeles Basin, measured by estimated proved reserves, is the Santa Fe Springs Field. We operate 104 productive wells in the Santa Fe Springs Field and own a 99.5 percent working interest. Santa Fe Springs has produced to date from up to ten productive zones ranging in depth from 3,000 feet to more than 9,000 feet. The five largest producing zones are the Bell, Meyer, O'Connell, Clark and Hathaway. In 2009, our average production from the Santa Fe Springs Field was approximately 1.6 MBoe/d, and our estimated proved reserves as of December 31, 2009 were 6.8 MMBoe, of which 93 percent was proved developed.

Rosecrans Field
We operate 37 productive wells in the Rosecrans Field and own a 100 percent working interest. The Rosecrans Field has produced from several productive sands ranging in depth from 4,000 feet to 8,000 feet. The producing zones are the Padelford, Maxwell, Hoge, Zins and the O’dea. In 2009, our average production from the Rosecrans Field was approximately 353 Boe/d, and our estimated proved reserves as of December 31, 2009 were 1.7 MMBoe.

East Coyote Field
Our interest in this field was acquired on May 25, 2007. BEC operates 43 productive wells in the East Coyote Field. We own a 95 percent working interest. The East Coyote Field has producing zones ranging in depth from 2,500 feet to 4,000 feet. Our average production from the East Coyote Field for the year ended December 31, 2009 was approximately 538 Boe/d, and our estimated proved reserves as of December 31, 2009 were 3.1 MMBoe.

Sawtelle Field
Our interest in this field was acquired on May 25, 2007. BEC operates 11 productive wells in the Sawtelle Field. We own a 95 percent working interest in most of the field, with a lesser interest in certain areas. The Sawtelle Field has produced from several productive sands ranging in depth from 9,000 feet to 10,500 feet. Our average production from the Sawtelle Field was approximately 350 Boe/d, and our estimated proved reserves as of December 31, 2009 were 1.6 MMBoe.

Other California Fields
Our other fields include the Brea Olinda Field, which has 74 productive wells. Brea Olinda produced approximately 188 Boe/d on average in 2009 and had estimated proved reserves as of December 31, 2009 of 1.1 MMBoe; the Alamitos lease of the Seal Beach Field, which has nine productive wells, produced approximately 79 Boe/d on average in 2009 from the McGrath and Wasem zones at approximately 7,000 feet and had estimated proved reserves as of December 31, 2009 of less than 0.1 MMBoe; and the Recreation Park lease of the Long Beach Field, which has seven productive wells, produced approximately 50 Boe/d on average in 2009 from the same zones as the Alamitos lease, but approximately 1,000 feet deeper, and had estimated proved reserves as of December 31, 2009 of 0.7 MMBoe. We have a 100 percent working interest in Brea Olinda and Alamitos and a 60 percent working interest in Recreation Park.

Florida Properties

Indiana/Kentucky Properties

Michigan Properties

Wyoming Properties