Carbon TerraVault Holdings, LLC today provided a second quarter 2024 update. California Resources Corp. conducts its carbon management business through CTV and its subsidiaries, which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide emissions in California. "Our Carbon TerraVault team continues to advance its business, recently [...]
California Resources Corp. plans to release its second quarter 2024 financial results on Tuesday, August 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 7th 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/10189857/fcb0ff718c. Callers who pre-register [...]
California Resources Corp. announced today the completion of the all-stock combination with Aera Energy, LLC . The issuance of shares was approved by CRC shareholders at a special meeting held on June 26, 2024, where CRC shareholders voted in favor of the stock issuance necessary for the closing of the combination of CRC and Aera. "We are very pleased to welcome Aera's team with decades of experience and a track record of [...]
California Resources Corp. announced today the pricing of its upsized private offering of $600 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 at par. The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries. The offering is expected to close on June [...]
California Resources Corp. announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $500 million in aggregate principal amount of senior unsecured notes due 2029 . The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries. The [...]
California Resources Corporation today reported financial and operating results for the first quarter 2024. The Company plans to host a conference call and webcast on Wednesday, May 8th at 1:00 p.m. Eastern Time . Participation details can be found within this release. In addition, supplemental slides are posted to CRC's website at www.crc.com. First Quarter 2024 Highlights: Returned $79 million to shareholders through [...]
Carbon TerraVault today provided an update on its first quarter 2024 operations. California Resources Corp. conducts its carbon management business through CTV which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide emissions in California. "We began our year by continuing to work closely with local communities and other [...]
California Resources Corp. received a "Grade A" certification through MiQ's Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties. This is the first "Grade A" independently certified gas designation that MiQ has presented to oil and natural gas operating assets in California and the Rocky Mountain region. This achievement demonstrates CRC's dedication to its ESG goals and [...]
California Resources Corp. plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 8th 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/10187009/fbc013eb9d. Callers who pre-register will be [...]
California Resources Corp. announced today that the Board of Directors has nominated Christian S. Kendall to stand for election as a director at CRC's 2024 Annual Meeting of Stockholders. Mr. Kendall is the former President and Chief Executive Officer of Denbury. "As we continue creating long-term sustainable value at CRC and CTV, Mr. Kendall will bring significant strategic insights to navigate the growth and development [...]
California Resources Corporation today reported financial and operating results for the fourth quarter and full-year 2023. The Company plans to host a conference call and webcast on Wednesday, February 28th at 1:00 p.m. Eastern Time . Participation details can be found within this release. In addition, supplemental slides are posted to CRC's website at www.crc.com. 2023 Highlights: Generated $653 million of net cash from [...]
Carbon TerraVault today provided an update on its 2023 operations. California Resources Corp. conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide emissions in California. "During 2023, our team meaningfully advanced the expansion of our carbon management business [...]
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