California Resources Corp. and its carbon management business, Carbon TerraVault , today announced approval of the Golden State's first carbon capture and storage project, located at CRC's Elk Hills cryogenic gas plant in Kern County, California. "We are pleased to advance California's first CCS project to the next stage of its development highlighting our ability to deliver carbon management solutions while reducing our [...]
California Resources Corp. and its carbon management business, Carbon TerraVault , today announced receipt of final Class VI well permits from the Environmental Protection Agency for underground injection and storage of carbon dioxide into the 26R reservoir, located at CRC's Elk Hills Field in Kern County, California. The 26R reservoir is part of CTV's joint venture with Brookfield. "We are proud to have received the [...]
California Resources Corp. , an independent energy and carbon management company committed to energy transition, announced today that the Company's executives will be participating in the following events in January 2025: Goldman Sachs Energy, CleanTech & Utilities Conference 2025 on January 7 to 8 in Aventura, FL StoneX Natural Resources Day 3.0 on January 9 in New York, NY UBS Winter Infrastructure & Energy Conference [...]
California Resources Corp. , an independent energy and carbon management company committed to energy transition, today announced that Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025. CRC's current CFO Nelly Molina will be stepping down at the end of the year. Ms. Crespy brings to CRC an extensive background as an investment banker in energy, power [...]
California Resources Corp. today reported financial and operating results for the third quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET on Wednesday, November 6, 2024. Participation details can be found within this release. In addition, supplemental slides are available on CRC's website at www.crc.com. Highlights Generated $345 million of net income, $137 million of adjusted net [...]
California Resources Corp. today announced the publication of its 2023 Sustainability Report detailing the Company's sustainability initiatives and strategy as well as progress toward its environmental, social and governance goals. "CRC is committed to supporting the energy transition, decarbonizing our local economies and helping California achieve its climate goals," said Francisco Leon, CRC President and Chief [...]
California Resources Corp. and its carbon management business, Carbon TerraVault, today announced the Kern County Board of Supervisors' unanimous approval of the conditional use permit for the Carbon TerraVault I carbon capture and storage project. This permit authorizes the construction activities necessary for the development of the project, which would be the first of its kind in California. This decision follows the [...]
Colorado School of Mines and Carbon TerraVault Holdings, LLC , a subsidiary of California Resources Corp. , today announced the award of $8.9 million from the U.S. Department of Energy for a Carbon Storage Assurance Facility Enterprise project in California. The grant will allow Mines, CTV, and industry partners Blade Energy Partners and Providence Strategic Consulting to conduct a feasibility study on the CTV III CO2 [...]
California Resources Corp. plans to release its third quarter 2024 financial results on Tuesday, November 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, November 6th at 1:00 p.m. Eastern Time . We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10192326/fd6685ad6e. Callers who pre-register [...]
California Resources Corp. and the Los Angeles Rams today announced "Football Without the Footprint," a carbon management initiative that will allow the Rams to reduce or offset carbon emissions from the team's operations in coming years. CRC and the Rams will also invest in community impact efforts such as garden builds, beautification projects, and science, technology, engineering, art, and math initiatives that will [...]
Sage Geosystems, Inc. and California Resources Corp. today announced the signing of a Memorandum of Understanding to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermal power generation in California. This press release features multimedia. View the full release here [...]
California Resources Corp. , an independent energy and carbon management company, today announced the launch of its Carbon TerraVault I Elk Hills Community Benefits Plan in Kern County, California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910230269/en/ CRC conducts its carbon management business through Carbon TerraVault and its subsidiaries, which [...]
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