ICE Thermal Harvesting, LLC has partnered with California Resources Corp. and the University of Houston to undertake a joint project to harvest thermal energy from producing assets and convert it to 24/7, emission-free electricity. The project will take place on CRC's flagship Elk Hills asset and will be partially funded by a grant from the Department of Energy's Wells of Opportunity program. Benefits include decreased [...]
California Resources Corporation , an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2022 operational and financial results. "CRC's strong financial performance, coupled with our consistent operational execution, allowed us to increase our fixed dividend by 66% and our Share Repurchase Program by an additional $200 million. Our disciplined capital [...]
California Resources Corp. announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd at 1:00 p.m. Eastern Time . The Company's earnings will be released the day before the conference call following the market close. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10171364/f48809c260. Callers [...]
California Resources Corp. today announced the publication of its 2021 Sustainability Report. The report provides an overview of CRC's continuous progress on its sustainability efforts in environmental, social and governance performance as the company advances its commitment to the energy transition and decarbonization of local economies. "Today, we are proud to share with you CRC's progress and continued leadership in [...]
California Resources Corporation , an independent oil and natural gas company committed to energy transition in the sector, today announced the formation of a joint venture with Brookfield Renewable , creating a carbon management partnership focused on carbon capture and sequestration development and reported second quarter 2022 operational and financial results. Brookfield has committed an initial $500 million to invest [...]
California Resources Corp. is pleased to announce it has pledged $2.5 million to fund several Kern County initiatives with Kern Community College District and California State University, Bakersfield to help advance the energy transition and further benefit local communities across the region. CRC will collaborate with Kern CCD, one of the largest community college districts in the United States, to establish the CRC [...]
California Resources Corp. today announced amendments to and extension of its solicitation of consents from the holders of its outstanding 7.125% Senior Notes due 2026 to the proposed amendment to the indenture governing the Notes described in the Consent Solicitation Statement dated June 6, 2022, as amended by the Company's press release dated June 13, 2022 and as further amended by a Supplement dated June 15, 2022 . The [...]
California Resources Corp. today announced the extension of its solicitation of consents from the holders of its outstanding 7.125% Senior Notes due 2026 to the proposed amendment to the indenture governing the Notes described in the Consent Solicitation Statement dated June 6, 2022 . The Consent Solicitation is being made in accordance with the terms and subject to the conditions stated in the Statement. The expiration [...]
California Resources Corp. today announced that it is soliciting consents from holders of its outstanding 7.125% Senior Notes due 2026 as of 5:00 p.m. New York City time, on June 3, 2022 to a proposed amendment to the indenture governing such Notes . The Consent Solicitation is being made solely upon the terms and conditions described in the Company's Consent Solicitation Statement, dated June 6, 2022 . The Consent [...]
California Resources Corp. announced today that it will host its second quarter 2022 financial results conference call on Thursday, August 4th at 12:00 p.m. Eastern Time . The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10167707/f307b93bd1. Callers who pre-register will be [...]
NEXT Carbon Solutions , a subsidiary of NextDecade Corporation and California Resources Corp. today jointly announced the execution of an agreement to further explore the decarbonization of CRC's Elk Hills Power Plant. Through the deployment of NCS' proprietary post-combustion carbon capture processes for CRC's CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plant [...]
California Resources Corp. , an independent oil and natural gas company committed to energy transition in the sector, today reported first quarter 2022 operational and financial results. "CRC began 2022 on a good note as we continued to deliver strong operational results. Given our continued robust free cash flow generation and pristine balance sheet, we are increasing our share repurchase program by $300 million to $650 [...]
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