California Resources Corporation

California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes

Retrieved on: 
Mardi, mai 21, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, California Resources Corporation, Sale, Person, Regulation, Note, Aera Energy, CRC, Hand, Security (finance)

California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of its upsized private offering of $600 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”) at par.

Key Points: 
  • California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of its upsized private offering of $600 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”) at par.
  • The Notes will be guaranteed by all of the Company’s existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries.
  • The offering is expected to close on June 5, 2024, subject to customary closing conditions.
  • The Company estimates that the net proceeds from the offering will be approximately $590 million after deducting the initial purchasers' discount and estimated expenses.

California Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured Notes

Retrieved on: 
Lundi, mai 20, 2024
Energy, Utilities, Oil, Gas, California Resources Corporation, Sale, Person, Regulation, Note, Aera Energy, CRC, Hand

California Resources Corporation (NYSE: CRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $500 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”).

Key Points: 
  • California Resources Corporation (NYSE: CRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $500 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”).
  • The Notes will be guaranteed by all of the Company’s existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries.
  • Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.
  • Except as required by law, the Company expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.

Carbon TerraVault Provides First Quarter 2024 Update

Retrieved on: 
Mardi, mai 7, 2024
Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Mergers and acquisitions, Carbon dioxide, EPA, Aera Energy, Golden State, CRC, CTV, CCS, Inglewood Oil Field, Hart–Scott–Rodino Antitrust Improvements Act, FID, Public opinion, South Belridge Oil Field, CO2, EIR, California Resources Corporation, MMT, Renewable energy

Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • CTV anticipates that EPA and Kern County will deliver their final decisions on the permits in the second half of 2024.
  • On May 7, 2024, CRC filed the definitive proxy statement for the Aera Merger with the SEC.

California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin Assets

Retrieved on: 
Jeudi, avril 11, 2024
Utilities, Oil, Gas, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, Green Technology, Climate change, Methane, ICG, City, Certification, Rocky Mountains, MIQ, CRC, THUMS, Carbon, Wilmington Oil Field, ESG, Bolsa Chica Ecological Reserve, Tidelands, California Resources Corporation, Methane emissions, Coal

California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties.

Key Points: 
  • California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties.
  • This is the first “Grade A” independently certified gas (ICG) designation that MiQ has presented to oil and natural gas operating assets in California and the Rocky Mountain region.
  • “We are very pleased with our ‘Grade A’ ICG certification from MiQ which is further evidence of CRC’s strong environmental, social and governance efforts while supporting energy transition in California.
  • MiQ certification is conducted by accredited, third-party auditors, and assessed against the MiQ Standard to assign an A to F grade for methane emissions performance.

Vast Renewables Limited Announces Operational and Financial Results for First Half of Fiscal 2024

Retrieved on: 
Jeudi, mars 28, 2024
Hydrogen, Smith International, FEED, Bank of Montreal, Electricity, Financial management, General Electric, Solar, VS1, SM1, Électricité de France, CFO, Partnership, CSIRO, Oil Search, ARENA, California Resources Corporation, Aviation, Carbon, Eye, Investment, Convertible, Research and development, Occidental Petroleum, BMO Capital Markets, CSP, Business, Calendar, Government, Engineering, Renewable energy

SYDNEY, Australia, March 28, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (“Vast” or the “Company”) (Nasdaq: VSTE), a renewable energy company specializing in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat today announced operational and financial results for the first half of the Company’s fiscal 2024, comprising the six months ended December 31, 2023.

Key Points: 
  • During the first half of fiscal year 2024, Vast announced several funding commitments from strategic partners.
  • “The support Vast has received from our strategic partners has been very meaningful to the progress of our company, both from a financial as well as operational standpoint,” said Craig Wood, CEO of Vast.
  • During the first half of fiscal year 2024, Vast continued to make progress on its first utility-scale project for power generation, known as VS1, located in Port Augusta in South Australia.
  • As of December 31, 2023, Vast had total diluted common shares outstanding of 29,291,884.

California Resources Corporation Schedules First Quarter 2024 Earnings Conference Call

Retrieved on: 
Lundi, avril 8, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, International, Webcast, PIN, California Resources Corporation, CRC

California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close.

Key Points: 
  • California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close.
  • The Company will hold a conference call to discuss these financial results on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10187009/fbc013eb9d .
  • To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com .

California Resources Corporation Announces the Nomination of Christian S. Kendall to Its Board of Directors

Retrieved on: 
Mardi, mars 19, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, American Heart Association, Natural gas, Growth, Shareholder, Triple accreditation, Harvard Business School, California Resources Corporation, Mobil, Advanced Management Program, Engineering, Noble Energy, Senior, Carbon, National Petroleum Council, CRC, CTV, Management

California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC’s 2024 Annual Meeting of Stockholders.

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC’s 2024 Annual Meeting of Stockholders.
  • “Mr.
  • Kendall has a strong and proven record of accomplishments in the new and always evolving energy sector,” added Tiffany (TJ) Thom Cepak, CRC’s Chair of the Board of Directors.
  • Prior to that, Mr. Kendall served in several other executive and management roles of increasing responsibility with Noble beginning in 2001.

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Mardi, février 27, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Energy, Climate Change, Carbon, Engineering, DAC, MMT, Inglewood Oil Field, Carbon dioxide, Research, Class, FEED, Natural gas, CRC, Government, Golden State, CCS, CDMA, Climate change, Mergers and acquisitions, CTV, California Resources Corporation, CO2, EPA, Primary energy, Economics, EIR, Aera Energy, DOE, Comment, South Belridge Oil Field, Renewable energy

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DOOR, CRC, GLT, ZFOX

Retrieved on: 
Samedi, février 10, 2024
Owens Corning, Masonite, ZeroFox, Fraud, Masonite International, Sale, Advertising, Glatfelter, Specialty, California Resources Corporation, Aera Energy, Hygiene, Security (finance)

If you are a Masonite shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Masonite shareholder, click here to learn more about your rights and options .
  • If you are a California Resources shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

CRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of California Resources Corporation Is Fair to Shareholders

Retrieved on: 
Mercredi, février 7, 2024
Class Action Lawsuit, Professional Services, Legal, Fraud, California Resources Corporation, CRC, Advertising, Aera Energy

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.
  • Upon completion of the proposed transaction, California Resources shareholders will own approximately 77.1% of the combined company.
  • The investigation concerns whether California Resources and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for California Resources shareholders; and (2) disclose all material information necessary for California Resources shareholders to adequately assess and value the merger consideration.
  • On behalf of California Resources shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.