Two Barrels of Oil Per Day Is All Drillers Extract from Community Wells, Making Case For New Law For $10K Per Day Fine, says Consumer Watchdog [Yahoo! Finance]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Yahoo! Finance
oil—2.1 barrels of oil per day per well on average, according to new data from the FracTracker Alliance. Consumer Watchdog said the data makes the case for passage of California Assembly Bill 2716 (Bryan), which forces wells within 3200 feet of a community that produce less than 15 barrels of oil per day to pay a per day fine. The bill is being heard Monday afternoon in the Assembly Natural Resources Committee. The groups say the documented impact of drilling in communities, with links to cancer, asthma, and birth defects, justifies a large penalty on low producing wells that produce no economic benefit but pose huge health risks. Sixty-four consumer, health and environmental advocacy groups have announced their support for AB 2716 "What is the health of our communities worth?" asked FracTracker Alliance Western Program Director, Kyle Ferrar . "With oil at less than per barrel, oil drillers are putting the health of communities at risk for less than per day." FracTracker Allia
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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