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Stock impact report

California Resources sees FY26 production 152-157 MBoe/d [Yahoo! Finance]

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
Company Research Source: Yahoo! Finance
The company said, “ CRC is receiving new drilling permits and currently holds the majority of permits necessary to undertake its 2026 capital program Targeting approximately 12% year-over-year production growth, averaging 152-157 MBoe/d, supported by four operated drilling rigs Capital investments expected to range between $430-$470 million, including $280-$300 million for drilling, completions, and workovers, and $12-$20 million for carbon management initiatives Expect to realize $80-$90 million of Berry merger-related synergies within 12 months of closing, including $35 to $40 million in general and administrative expenses, $25 to $30 million in operating costs and $20 million in financing costs Targeting first CO2 injection at its CCS project at the Elk Hills cryogenic gas plant in spring 2026, subject to commissioning and final regulatory approval. See Carbon TerraVault's 2025 Press Release for additional information” Claim 70% Off TipRanks Premium Unlock hedge fund-level dat Show less Read more
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