Knowledge (XXG)

California Resources Corporation

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with $ 5 billion in debt; it emerged from bankruptcy in October 2020. In March 2021, Mark A. (“Mac”) McFarland was appointed
1365: 1262: 1252: 1174: 2225: 2137: 2132: 1669: 1654: 1103: 2184: 2152: 675: 477: 1739: 1340: 1325: 1287: 1048: 925: 342: 2111: 1644: 1385: 1189: 346: 350: 258: 140: 2162: 2036: 1093: 1085: 1036: 987: 907: 792: 787: 402: 283: 44: 1639: 1380: 1070: 920: 757: 732: 298:. Its mineral acreage holdings in California constitute the largest privately held position in the state. 295: 91: 654: 2016: 1458: 1441: 1375: 1137: 1004: 957: 930: 772: 724: 302: 1058: 1913: 1583: 1345: 1227: 1053: 1026: 1009: 935: 767: 382: 330: 2061: 2006: 1933: 1822: 1634: 1552: 1232: 1098: 390: 386: 366: 318: 254: 127: 1908: 1330: 940: 840: 698: 378: 338: 326: 279: 63: 264: 2056: 1184: 1159: 962: 947: 306: 1883: 1604: 1207: 1125: 1043: 881: 762: 245: 196: 2116: 2106: 1848: 1599: 1488: 1414: 1217: 1212: 1142: 1110: 1021: 737: 498:"California Resources Corporation Acquisition Consolidates Interests in Elk Hills Field" 1953: 1873: 1863: 1853: 1794: 1769: 1478: 1419: 1350: 1237: 1222: 1031: 969: 714: 582: 559: 250: 30: 405:. In February, 2024, they announced a $ 2.1 billion, all-stock purchase agreement for 2199: 2021: 1978: 1943: 1572: 1453: 1426: 1360: 752: 537: 519: 501: 268: 38: 2081: 2011: 1903: 1893: 1888: 1878: 1868: 1754: 1734: 1679: 1463: 1431: 1370: 1267: 1169: 1075: 952: 886: 1973: 2051: 1923: 1744: 1714: 1659: 1649: 1355: 1335: 1014: 997: 915: 777: 747: 742: 649: 406: 362: 322: 123: 2101: 1968: 1958: 1724: 1562: 1468: 394: 334: 314: 287: 162: 52: 305:, and unconventional operations in the San Joaquin Basin, Ventura Basin, and 2096: 1827: 1774: 1719: 1709: 1619: 1567: 1503: 1498: 1493: 1473: 1154: 782: 709: 358: 119: 644: 393:
for $ 460 million and 2.85 million shares. In July 2020, the company filed
2091: 2071: 2066: 2046: 2041: 1817: 1807: 1729: 1664: 1436: 1164: 1120: 1115: 979: 639: 534:"California Resources Corporation Announces Appointment of Permanent CEO" 291: 104: 1759: 1749: 1629: 1624: 1539: 310: 659: 48: 2076: 1963: 1948: 1938: 1898: 1812: 667: 516:"California Resources Corporation Completes Financial Restructuring" 1858: 1832: 1802: 1764: 1704: 1699: 1694: 263: 244: 179: 2086: 2026: 1779: 1257: 554:"California Oil Driller Reaped Gains From Historic Texas Freeze" 671: 577:"Exxon Sees Up to $ 800 Million Earnings Hit From Texas Freeze" 438:"California Resources Corporation 2021 Form 10-K Annual Report" 1918: 1784: 1557: 398: 109: 349:. As of December 31, 2021, the company had 480 million 1547: 357:
10 GJ) of estimated proved reserves, of which 71% was
385:. In April 2018, the company acquired the interest in the 628: 2221:
Companies that filed for Chapter 11 bankruptcy in 2020
2241:
Non-renewable resource companies established in 2014
2148:
International Association of Oil & Gas Producers
635:
Business data for California Resources Corporation:
574:
Buurma, Christine; Crowley, Kevin (March 31, 2021).
457:"Occidental Petroleum completes California spin-off" 2125: 1991: 1841: 1793: 1581: 1538: 1523: 1514: 1399: 1316: 1198: 1084: 978: 906: 849: 808: 801: 723: 226: 221: 211: 194: 177: 160: 147: 133: 115: 97: 87: 69: 59: 36: 26: 575: 552: 478:"CRC Buys Remaining Stake in Elk Hills Oil Field" 2216:Companies listed on the New York Stock Exchange 317:Basin. Its largest holding is the 47,000-acre 683: 401:. The company benefited financially from the 8: 21: 2236:Natural gas companies of the United States 1535: 1520: 805: 690: 676: 668: 599:"CRC agrees to buy Aera for $ 2.1 billion" 377:The company was formed in April 2014 as a 20: 2211:Companies based in Long Beach, California 1610:China National Offshore Oil Corporation 442:U.S. Securities and Exchange Commission 418: 2206:American companies established in 2014 1484:Unconventional (oil and gas) reservoir 1243:2020 Russia–Saudi Arabia oil price war 301:The company has conventional primary, 432: 430: 428: 426: 424: 422: 7: 2231:Energy companies established in 2014 1615:China National Petroleum Corporation 2246:Oil companies of the United States 1675:National Iranian South Oil Company 1391:Western Canadian Sedimentary Basin 14: 2143:Intercontinental Exchange Futures 2032:Chicago Bridge & Iron Company 1685:Oil & Gas Development Company 2180: 2179: 476:Varian, Ethan (April 10, 2018). 455:Olabi, Nora (December 1, 2014). 276:California Resources Corporation 203: 202: 186: 185: 169: 168: 152: 151: 143:(610,000 GJ) per day (2021) 22:California Resources Corporation 1690:Oil and Natural Gas Corporation 551:Wethe, David (March 18, 2021). 483:American City Business Journals 462:American City Business Journals 237:Footnotes / references 2158:Society of Petroleum Engineers 1929:Port Harcourt Refining Company 1595:Abu Dhabi National Oil Company 597:Cox, John (February 7, 2024). 249:Three active oil wells (using 1: 1104:Production sharing agreements 2138:Canadian petroleum companies 2133:American Petroleum Institute 1670:National Iranian Oil Company 1655:Kuwait Petroleum Corporation 337:, several smaller fields in 2153:International Energy Agency 1138:Enhanced oil recovery (EOR) 603:The Bakersfield Californian 75:; 10 years ago 2267: 1740:PTT Public Company Limited 1341:East Midlands Oil Province 1326:List of natural gas fields 926:Integrated asset modelling 343:Huntington Beach Oil Field 329:. It is also operates the 2175: 2112:Weatherford International 1645:Iraq National Oil Company 705: 351:barrels of oil equivalent 347:Orange County, California 235: 141:barrels of oil equivalent 103:Mark A. (Mac) McFarland, 271:oil island White in 2010 259:Buttonwillow, California 2251:Petroleum in California 2163:World Petroleum Council 2037:China Oilfield Services 1094:Petroleum fiscal regime 793:Western Canadian Select 788:West Texas Intermediate 403:2021 Texas power crisis 284:hydrocarbon exploration 1640:Indian Oil Corporation 1126:Submersible pump (ESP) 1071:Underbalanced drilling 892:of gasoline and diesel 296:Long Beach, California 272: 261: 207:$ 1.688 billion (2021) 190:$ 3.846 billion (2021) 156:$ 1.889 billion (2021) 92:Long Beach, California 2017:Cameron International 1459:Petrodollar recycling 1442:fossil fuel phase-out 1005:Differential sticking 958:Reflection seismology 931:Petroleum engineering 773:OPEC Reference Basket 303:enhanced oil recovery 294:and headquartered in 290:. It is organized in 267: 248: 1914:Occidental Petroleum 1228:1990 oil price shock 1054:Shale oil extraction 1027:Drilling engineering 1010:Directional drilling 936:Reservoir simulation 383:Occidental Petroleum 333:in partnership with 331:Wilmington Oil Field 325:, California in the 173:$ 612 million (2021) 16:American oil company 2226:Corporate spin-offs 2062:Naftiran Intertrade 2007:Amec Foster Wheeler 1934:Reliance Industries 1823:Naftiran Intertrade 1635:Hindustan Petroleum 1233:2000s energy crisis 522:. October 27, 2020. 391:Chevron Corporation 389:previously held by 387:Elk Hills Oil Field 367:natural gas liquids 321:, 20 miles west of 319:Elk Hills Oil Field 255:Elk Hills Oil Field 213:Number of employees 128:Natural Gas Liquids 108:Francisco J. Leon, 23: 1909:Marathon Petroleum 1331:List of oil fields 941:Reservoir modeling 699:Petroleum industry 379:corporate spin-off 339:Los Angeles County 327:San Joaquin Valley 313:production in the 280:energy corporation 273: 262: 139:100 thousand 64:Petroleum industry 2193: 2192: 2171: 2170: 2057:Nabors Industries 1987: 1986: 1185:Well intervention 1160:Petroleum product 1059:Ljungström method 963:Seismic inversion 948:Petroleum geology 902: 901: 540:. March 22, 2021. 536:(Press release). 518:(Press release). 500:(Press release). 307:Los Angeles Basin 243: 242: 135:Production output 2258: 2183: 2182: 1884:Hess Corporation 1605:Bharat Petroleum 1536: 1521: 1208:1967 Oil Embargo 1044:Lost circulation 882:Posted oil price 806: 763:Isthmus-34 Light 692: 685: 678: 669: 632: 631: 629:Official website 614: 613: 611: 609: 594: 588: 587: 579: 571: 565: 564: 556: 548: 542: 541: 530: 524: 523: 512: 506: 505: 504:. April 9, 2018. 494: 488: 487: 473: 467: 466: 452: 446: 445: 434: 356: 231: 228: 206: 205: 199: 189: 188: 182: 172: 171: 155: 154: 83: 81: 76: 24: 2266: 2265: 2261: 2260: 2259: 2257: 2256: 2255: 2196: 2195: 2194: 2189: 2167: 2121: 2117:John Wood Group 2107:Valaris Limited 2000: 1997: 1994: 1983: 1849:APA Corporation 1837: 1789: 1588: 1585: 1577: 1532: 1529: 1526: 1516: 1510: 1411:Classification 1395: 1318: 1312: 1248:Nationalization 1218:1979 oil crisis 1213:1973 oil crisis 1194: 1180:Water injection 1148:Steam injection 1143:Gas reinjection 1111:Artificial lift 1080: 1022:Drill stem test 974: 898: 845: 797: 719: 701: 696: 664: 627: 626: 623: 618: 617: 607: 605: 596: 595: 591: 573: 572: 568: 550: 549: 545: 532: 531: 527: 514: 513: 509: 496: 495: 491: 475: 474: 470: 454: 453: 449: 436: 435: 420: 415: 375: 354: 278:is an American 251:nodding donkeys 239: 225: 214: 195: 178: 165: 136: 126: 122: 107: 100: 79: 77: 74: 73:April 2014 51: 41: 17: 12: 11: 5: 2264: 2262: 2254: 2253: 2248: 2243: 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937: 934: 933: 932: 929: 927: 924: 922: 919: 917: 916:Core sampling 914: 913: 911: 909: 905: 893: 890: 889: 888: 885: 883: 880: 878: 875: 873: 870: 868: 865: 863: 860: 858: 855: 854: 852: 848: 842: 839: 837: 834: 832: 829: 827: 824: 822: 819: 817: 814: 813: 811: 807: 804: 800: 794: 791: 789: 786: 784: 781: 779: 776: 774: 771: 769: 766: 764: 761: 759: 756: 754: 753:Indian Basket 751: 749: 746: 744: 741: 739: 736: 734: 731: 730: 728: 726: 722: 716: 713: 711: 708: 707: 704: 700: 693: 688: 686: 681: 679: 674: 673: 670: 661: 658: 656: 653: 651: 648: 646: 643: 641: 638: 637: 634: 630: 625: 624: 620: 604: 600: 593: 590: 585: 584: 578: 570: 567: 562: 561: 555: 547: 544: 539: 538:Business Wire 535: 529: 526: 521: 520:Business Wire 517: 511: 508: 503: 502:Business Wire 499: 493: 490: 485: 484: 479: 472: 469: 464: 463: 458: 451: 448: 443: 439: 433: 431: 429: 427: 425: 423: 419: 412: 410: 408: 404: 400: 396: 392: 388: 384: 380: 372: 370: 368: 365:, and 9% was 364: 360: 352: 348: 344: 340: 336: 332: 328: 324: 320: 316: 312: 308: 304: 299: 297: 293: 289: 285: 281: 277: 270: 269:THUMS Islands 266: 260: 256: 252: 247: 238: 234: 230: 224: 220: 216: 210: 201: 198: 193: 184: 181: 176: 167: 164: 159: 150: 146: 142: 138: 132: 129: 125: 121: 118: 114: 111: 106: 102: 96: 93: 90: 86: 72: 68: 65: 62: 58: 54: 50: 46: 43: 40: 35: 32: 29: 25: 19: 2082:Schlumberger 2012:Baker Hughes 1904:Marathon Oil 1894:Imperial Oil 1889:Husky Energy 1879:Galp Energia 1869:Devon Energy 1755:Saudi Aramco 1735:Petrovietnam 1680:NNPC Limited 1584:National oil 1464:Petrofiction 1432:Orphan wells 1400:Other topics 1371:Persian Gulf 1298:Saudi Arabia 1268:Standard Oil 1076:Well logging 953:Petrophysics 608:February 10, 606:. Retrieved 602: 592: 581: 569: 558: 546: 528: 510: 492: 481: 471: 460: 450: 376: 300: 275: 274: 236: 197:Total equity 180:Total assets 88:Headquarters 27:Company type 18: 2052:Halliburton 1924:Phillips 66 1745:QatarEnergy 1715:Petrobangla 1650:KazMunayGas 1540:Supermajors 1489:heavy crude 1376:Prudhoe Bay 1356:Niger Delta 1336:Caspian Sea 1099:Concessions 1049:Measurement 1015:Geosteering 998:Squeeze job 908:Exploration 857:Consumption 816:Consumption 809:Natural gas 738:Bonny Light 655:SEC filings 407:Aera Energy 363:natural gas 323:Bakersfield 282:engaged in 257:, south of 124:Natural Gas 53:S&P 600 2200:Categories 2102:Transocean 1969:Tullow Oil 1959:TechnipFMC 1725:PetroChina 1563:ExxonMobil 1469:Shale band 1346:East Texas 1319:and fields 1133:Downstream 1086:Production 993:Completion 921:Geophysics 862:Production 821:Production 758:Indonesian 733:Argus Sour 725:Benchmarks 413:References 395:bankruptcy 361:, 20% was 341:, and the 335:California 315:Sacramento 288:California 217:970 (2021) 163:Net income 99:Key people 2097:TC Energy 1998:companies 1828:Trafigura 1775:Sonatrach 1720:Petrobras 1710:Pertamina 1620:Ecopetrol 1586:companies 1530:companies 1528:petroleum 1504:tight oil 1499:oil shale 1494:oil sands 1474:Shale gas 1415:sweet oil 1386:Venezuela 1361:North Sea 1317:Provinces 1308:Venezuela 1155:Midstream 850:Petroleum 710:Petroleum 640:Bloomberg 359:petroleum 120:Petroleum 55:Component 39:Traded as 2185:Category 2092:Subsea 7 2072:Petrofac 2067:NOV Inc. 2047:GE Power 2042:Enbridge 1996:services 1818:Mercuria 1808:Glencore 1770:Sonangol 1730:Petronas 1665:Naftogaz 1437:Peak oil 1420:sour oil 1175:Upstream 1170:Refining 1165:Pipeline 1121:Pumpjack 1116:Gas lift 1037:invasion 980:Drilling 867:Reserves 826:Reserves 292:Delaware 116:Products 105:Chairman 60:Industry 1760:Sinopec 1750:Rosneft 1630:Gazprom 1625:Equinor 1553:Chevron 1200:History 1066:Tracers 988:Blowout 877:Exports 872:Imports 836:Exports 831:Imports 650:Reuters 373:History 311:dry gas 222:Website 148:Revenue 80:2014-04 78: ( 70:Founded 47::  2126:Others 2077:Saipem 1974:TĂĽpraĹź 1964:TNK-BP 1949:Sunoco 1939:Repsol 1899:Lukoil 1842:Others 1813:Gunvor 1447:timing 1381:Russia 1293:Norway 1278:France 1273:Canada 660:Yahoo! 645:Google 1993:Major 1859:Cepsa 1833:Vitol 1803:Enron 1765:SOCAR 1705:Pemex 1700:PDVSA 1695:Orlen 1660:Lotos 1600:ANCAP 1568:Shell 1525:Major 1283:India 887:Price 841:Price 783:Urals 778:Tapis 748:Dubai 743:Brent 253:) in 2087:Snam 2027:CH2M 1780:TPAO 1288:Iraq 1258:OPEC 1253:GECF 802:Data 610:2024 353:(2.9 309:and 229:.com 45:NYSE 2022:CGG 1919:OMV 1785:YPF 1558:Eni 399:CEO 381:of 345:in 286:in 227:crc 110:CEO 49:CRC 2202:: 1548:BP 1190:XT 601:. 580:. 557:. 480:. 459:. 440:. 421:^ 409:. 369:. 691:e 684:t 677:v 612:. 586:. 563:. 486:. 465:. 444:. 355:Ă— 82:)

Index

Public company
Traded as
NYSE
CRC
S&P 600
Petroleum industry
Long Beach, California
Chairman
CEO
Petroleum
Natural Gas
Natural Gas Liquids
barrels of oil equivalent
Net income
Total assets
Total equity
crc.com

nodding donkeys
Elk Hills Oil Field
Buttonwillow, California

THUMS Islands
energy corporation
hydrocarbon exploration
California
Delaware
Long Beach, California
enhanced oil recovery
Los Angeles Basin

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