Quarterly / Earnings Reports | Third Quarter (3Q) Update | Financial Results | Capital Markets | Drilling Activity | Drilling Program-Rig Count
California Resources Adds Ninth Rig in Q3; Drills 28 Wells
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California Resources reported its Q3 2017 results. Highlights include:
- Q3 Production: 128,000 BOEPD
- Drilled 28 new wells in Q3
- Ninth Rig Added: The Company averaged eight rigs in the third quarter of 2017 and is currently operating nine rigs. Activity has primarily been focused in the San Joaquin Basin on steamfloods and waterfloods.
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