CHEVRON BIDS FOR DOE'S ELK HILLS CONTRACT IN 1995

Chevron U.S.A. Production Co. has submitted a proposal to the U.S. Department of Energy to take over operations of Elk Hills field in California in 1995. The field is administered by DOE for the federal government under a management and operations contract with Bechtel Petroleum Operations Inc. that will expire in August 1995. At current production of 65,000 b/d of oil and 360 MMcfd of gas, Elk Hills is California's fourth largest oil producer and biggest gas producer.

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