Column: Could the mega-merger of two California oil giants benefit the climate? [Los Angeles Times (CA)]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
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Source: Los Angeles Times
I'm filling in for my colleague Sammy Roth, who is working hard to publish the next edition of his “Repowering the West” series. For much of California's history, fossil fuel companies have profited handsomely from drilling wells and tapping the state's deep oil and gas reserves. But after nearly 160 years of drilling and extraction, the state is riddled with over 100,000 unplugged wells. About 60,000 of those are considered active wells, although they now only produce just four barrels of oil a day on average. Another 40,000 or so of these unplugged wells haven't produced oil or natural gas in years. If you live in Echo Park, Wilmington or Long Beach, parts of your community sit atop these idle wells — which, if left uncapped, are prone to leaking planet-warming methane and toxic air contaminants Carbon Tracker, a London-based financial think tank, estimated it will cost around $10 billion just to plug these defunct wells in California. In a state where many made their fo
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News
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRCPR Newswire
- California Resources Co. (NYSE: CRC) had its price target raised by analysts at Stifel Nicolaus from $68.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- California Resources Corporation Achieves MiQ "Grade A" Certification for its Los Angeles Basin Assets [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin AssetsBusiness Wire
- California Resources Co. (NYSE: CRC) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $62.00 price target on the stock.MarketBeat
CRC
Earnings
- 2/27/24 - Miss
CRC
Sec Filings
- 4/23/24 - Form PREM14A
- 3/26/24 - Form 4
- 3/26/24 - Form 8-K
- CRC's page on the SEC website