Occidental Find Is California

July 22 (Bloomberg) — Occidental Petroleum Corp., the biggest oil producer in Texas, said its discovery of a natural- gas and oil field in California holding the equivalent of as much as 250 million barrels of crude may be the state

Chief Executive Officer Ray Irani said in an interview last month that the company plans to drill 20 exploratory wells this year in California to tap prospects near Long Beach and in other parts of the state that may hold hundreds of millions of barrels of crude.