Operator
California Resources Corp.
35 articles mentioning California Resources Corp. · Page 1 of 2
CRC to Acquire Berry in All-Stock Combination, Building a Larger California-Focused Energy Leader
California Resources Corporation (CRC) and Berry Corporation announced a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million (inclusive of Berry net debt). The deal is designed to create a larger,...
California Resources Corporation First Quarter 2023 Results
California Resources Corporation announced first quarter 2023 results. Highlights Named Manuela (Nelly) Molina as the new Executive Vice President and Chief Financial Officer, effective May 8, 2023 (see press release on May 1, 2023 for additional...
California Resources Third Quarter 2022 Results
California Resources Corp. reported third quarter 2022 operational and financial results. Mac McFarland, CRC's President and Chief Executive Officer, said: "CRC's strong financial performance, coupled with our consistent operational execution, allowed us to increase our fixed...
California Resources Second Quarter 2022 Results
California Resources Corp. reported second quarter 2022 operational and financial results. The company also announced the formation of a joint venture with Brookfield Renewable, creating a carbon management partnership focused on carbon capture and sequestration development....
2022 Guidance Growth: Several Operators Bolster Capex, Production Outlook
In response to the skyrocketing oil demand and D&C activity seen in 1Q22, several E&Ps have added additional capital to their 2022 budgets. A few E&Ps have also adjusted production guidance expectations or drilling plans, increasing...
California Resources First Quarter 2022 Results
California Resources Corp. reported first quarter 2022 operational and financial results. Mac McFarland, President and Chief Executive Officer, said: "CRC began 2022 on a good note as we continued to deliver strong operational results. Given our...
California Resources Corp. Third Quarter 2021 Results
California Resources Corp. reported third quarter 2021 operational and financial results. Mac McFarland, President and Chief Executive Officer, said: "Third quarter results continued to reflect strong operational performance and represented our best quarter this year in...
California Resources Corp. Second Quarter 2021 Results
California Resources Corp. reported second quarter 2021 operational and financial results. Mac McFarland, President and Chief Executive Officer, said: "CRC continued to deliver on its strategy with strong second quarter results driven by robust financial and...
California Resources Brings On New Chief Sustainability Officer
California Resources Corp. announced that Chris Gould has been appointed as the Company's first ever Executive Vice President and Chief Sustainability Officer. About Gould For the past decade, Mr. Gould has served as Senior Vice President...
California Resources Corp. First Quarter 2021 Results
California Resources Corp. reported first quarter 2021 operational and financial results. Mac McFarland, President and Chief Executive Officer, said: "CRC delivered on its strategy with strong first quarter results while maintaining solid environmental and safety records....
California Resources Names New Chairman of the Board
California Resources Corp. reported that Tiffany (TJ) Thom Cepak has been appointed as the Chair of the Board of Directors of the Company. Cepak replaces Mark A. (Mac) McFarland as the Chair following his appointment as...
California Resources Names New President/CEO
California Resources Corp. reported the appointment of Mark A. (Mac) McFarland as its permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company's board since its emergence from bankruptcy in October...
California Resources Sets 2021 Budget
California Resources Corp. reported fourth quarter and full year 2020 results. 2021 Capital Budget CRC's 2021 capital program is anticipated to be between $200 and $225 million, including approximately $40 million of mechanical integrity and midstream...
California Resources Overhauls Management Team Structure
California Resources Corp. is reducing the size of its leadership team and realigning several functions as it focuses on efficiency and cost reductions. The Company is eliminating leadership positions in the areas of public affairs, exploration...
Mark McFarland Takes Over as Interim CEO of California Resources
California Resources has announced that Mark A. McFarland, the Company's Executive Chairman, will serve as interim Chief Executive Officer and James N. Chapman will serve as Lead Independent Director. The Board of Directors will launch a...
California Resources Corp. Third Quarter 2020 Results
California Resources Corp. reported its Q3 2020 results. The company reported a net loss attributable to common stock of $29 million for the third quarter of 2020, and adjusted net lossof $55 million. GAAP reporting requires...
California Resources Completes Restructuring Begins Trading
California Resources Corporation completed its chapter 11 restructuring and will begin trading today under the ticker NYSE:CRC . The company emerged with $540 million revolving credit facility , #300 million of secured senior notes and $200...
California Resources Corp. Files for Bankruptcy
California Resources Corp. has filed for bankruptcy. The company has entered into a RSA with holders of approximately 84% of the Company’s 2017 term loans, 51% of the Company’s 2016 term loans and its Elk Hills...
California Resources Discussing Bankruptcy Terms with Creditors
California Resources may be headed toward bankruptcy, as it is currently discussing the possibility with its lenders, according to a 10Q statement filed on June 25th, 2020. The company said: "As discussed further below, we are...
California Resources Gets 30-Day Extension for Interest Payment
California Resources Corp. has entered into amendments for certain forbearance agreements, according to a recent SEC filing. The deadline for its next interest payment has been extended from May 29 to June 30, 2020.