Even with the dramatic land use changes over the decades since its discovery, it remains moderately productive, with oil wells and oilfield infrastructure intermixed with commercial and residential development.
[9] Unlike some of the oil fields in downtown Los Angeles, the adjacent Mid-City area, and Beverly Hills, which hide their oil wells inside soundproofed, windowless enclosures, attempting to be as invisible as possible, most of the wells in the Long Beach field use normal above-ground pumpjacks, sometimes behind walls or inside of fenced enclosures, but also scattered through the community in parking lots, in freeway cloverleaf medians, vacant lots, and other empty spaces.
Climate in the area is Mediterranean, with cool rainy winters and mild summers, with the heat moderated by morning fog and low clouds.
The main portion of the Long Beach field is an anticlinal structure paralleling the fault zone, with Signal Hill being its surface expression.
Both of these porous units are richly oil-bearing elsewhere in the Los Angeles Basin as well, anywhere that oil can collect due to a combination of stratigraphic and structural traps.
Oil from the Long Beach field tends to be medium- to heavy-grade, with API gravity ranging from 14 to 30, and sulfur content relatively high at 2 to 3 percent by weight.
By 1923 the production from the field had become so abundant that oil from the Los Angeles Basin accounted for fully twenty percent of the entire world output.
[17] Production slowed during the Great Depression, as the price of oil dropped with the demand, and the discovery of huge new fields not only in the Los Angeles Basin, but in Oklahoma and Texas, put a glut of petroleum on the market.
The goal was both to increase the flow of oil to production wells, and to replace the fluids pumped out of the reservoir in order to prevent subsidence, such as had occurred over the Wilmington field to the south.
[20] In the 1980s and 1990s, Barto Enterprises, the ancestor of Signal Hill Petroleum, acquired many of the local assets of the large oil companies – ARCO, Unocal, Shell, Mobil, Texaco, and others – that had previously been major operators on the Long Beach field (most of the majors moved out of the Los Angeles Basin during that time, seeking easier opportunities elsewhere; most present-day operators are small to medium-sized independents).