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The Lost Hills and Belridge oilfields are in the San Joaquin Valley, California. The major oil reservoir is high porosity and low permeability diatomite. Extraction of large volumes from shallow depths causes reduction in pore pressure and subsequent compaction, forming a surface subsidence bowl. We measure this subsidence from space using interferometric analysis of SAR (Synthetic Aperture Radar) data collected by the European Space Agency Remote Sensing Satellites (ERS‐1 and ERS‐2). Maximum subsidence rates are as high as 40 mm in 35 days or >400 mm/yr, measured from interferograms with time separations ranging from one day to 26 months. The 8‐ and 26‐month interferograms contain areas where the subsidence gradient exceeds the measurement possible with ERS SAR, but shows increased detail in areas of less rapid subsidence. Synoptic mapping of subsidence distribution from satellite …