California Resources Closes Berry Merger, Expands Asset Base [Yahoo! Finance]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Yahoo! Finance
Announced just over three months ago, the roughly $717 million transaction closed shortly after Berry shareholders approved the deal by a wide margin. Following the merger, Berry shares have ceased trading and were delisted, formally bringing the two companies together under the California Resources platform. The merger significantly strengthens CRC's California-focused portfolio by adding high-quality, long-lived, low-decline conventional assets, particularly in the core San Joaquin Basin. The deal also provides strategic optionality in the Uinta Basin and adds about 20,000 net acres along with 20,000 barrels of oil equivalent per day of production. Together, these assets expand California Resources' development runway while supporting more stable and durable cash flows. California Resources expects the combination to deliver $80-$90 million in annual synergies within 12 months of closing, with nearly half expected in the first six months. Importantly, pro forma leverage is
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News
- Luminia and California Resources Corporation Finalize Plans to Use Solar Power for Kern County Oil OperationsPR Web
- California Resources Corporation Closes Combination with Berry CorporationGlobeNewswire
- California Resources Corporation and Middle River Power to Advance Decarbonized Power Solutions in CaliforniaGlobeNewswire
- California Resources Corporation Announces January Investor Conference ParticipationGlobeNewswire
- California Resources: A Growth Pathway Opens [Seeking Alpha]Seeking Alpha
CRC
Earnings
- 11/4/25 - Beat
CRC
Sec Filings
- 12/18/25 - Form 8-K
- 11/12/25 - Form 4
- 11/12/25 - Form 8-K
- CRC's page on the SEC website