CALIFORNIA RESOURCES


Associated tags: CCS, Carbon, California Resources Corporation, CRC, Energy, Oil, Gas, Environment, Utilities, NYSE, Other Energy, Alternative Energy, Petroleum & Resources Corporation, Renewable energy, CTV, Green Technology

Locations: US, SACRAMENTO, WASHINGTON, NEW YORK CITY, NY, NEW YORK, VI, UNITED STATES, NORTH AMERICA, CALIFORNIA, KENDALL

California Resources Corporation Schedules First Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, April 4, 2023
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Environmental Health, Webcast, Petroleum & Resources Corporation, PIN, International, CRC, California Resources Corporation, NYSE

California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • The Company’s earnings will be released the day before the conference call following the market close.
  • We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10177066/f8cf780338 .
  • 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 Initiates Strategic Realignment of Business Operations and Corporate Structure to Maximize Cash Flow Per Share

Retrieved on: 
Friday, February 24, 2023
Oil, Gas, Energy, Carbon, California Resources Corporation, Knowledge, Hand, NYSE, PT, Partnership, Maintenance, GAAP, CTV, CMB, Mac, Cost reduction, McFarland, Petroleum & Resources Corporation, Growth, CRC, CFO, Brookfield Renewable Partners, Corporate structure, Management, Risk management, Renewable energy

California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) announced today a strategic realignment of the Company’s business operations and structure.

Key Points: 
  • California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) announced today a strategic realignment of the Company’s business operations and structure.
  • In conjunction with this strategic realignment, the Company also announced that Francisco Leon, currently Chief Financial Officer, will succeed Mark A.
  • Accelerate Carbon Management Business - CRC will manage its carbon management business on a standalone basis over time, providing the flexibility to consider strategic options including a potential separation from the E&P business.
  • Leadership Changes - With the revised corporate structure, Mr. Leon will assume the CEO position, effective at the Company’s Annual Meeting.

Carbon TerraVault Holdings, LLC Announces California DAC Hub Consortium to Bring Direct Air Capture and Storage to the Golden State

Retrieved on: 
Tuesday, February 7, 2023
Environment, Climate Change, Environmental Policy, Environmental Issues, Other Energy, Alternative Energy, Sustainability, Energy, Recycling

Key to the success of the California DAC Hub will be strong relationships with diverse community stakeholders to develop an equitable, just, and environmentally responsible approach to the project.

Key Points: 
  • Key to the success of the California DAC Hub will be strong relationships with diverse community stakeholders to develop an equitable, just, and environmentally responsible approach to the project.
  • The first hub is targeted to launch in Kern County, California, and the consortium will look to expand to other locations across the state.
  • Open and meaningful dialogue with our diverse stakeholders is a priority for the consortium as we expand participation of organizations and local communities.
  • Guggenheim Securities, LLC is acting as financial advisor for CRC in connection with the formation of CTV Direct and the development of the California DAC Hub consortium.

California Resources Corporation Schedules Fourth Quarter and Full Year 2022 Earnings Conference Call

Retrieved on: 
Friday, January 20, 2023
Oil, Gas, Energy, California Resources Corporation, Webcast, Petroleum & Resources Corporation, PIN, International, CRC, NYSE, Video game

California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2022 financial results conference call on Friday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2022 financial results conference call on Friday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • The Company’s earnings will be released the day before the conference call following the market close.
  • We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10173792/f5508a95c0 .
  • 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 .

CRC Recognized with Leadership Level Ranking for 2022 Climate Disclosure by CDP for the Fourth Year in a Row

Retrieved on: 
Thursday, January 5, 2023
Utilities, Environment, Oil, Gas, Environmental Policy, Environmental Issues, Energy, Environmental Health, California Resources Corporation, Petroleum & Resources Corporation, NYSE, CRC, ESG, Carbon, EVP, CDP, Disclosure, Renewable energy

California Resources Corporation (NYSE: CRC) received an A- from CDP for its 2022 climate disclosure, securing a score at CDP’s Leadership Level for the fourth year in a row.

Key Points: 
  • California Resources Corporation (NYSE: CRC) received an A- from CDP for its 2022 climate disclosure, securing a score at CDP’s Leadership Level for the fourth year in a row.
  • Mac McFarland, CRC’s President and CEO, stated, “We are extremely pleased with CDP’s scoring of our 2022 climate disclosure.
  • Our consistent leadership level rankings continue to validate CRC’s approach of valuing strong environmental, social and governance efforts while supporting energy transition.
  • CDP scoring measures the comprehensiveness of disclosure, awareness and management of environmental risks and best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

California Resources Corporation Announces Carbon Dioxide Management Agreement for CTV’s First Permanent Carbon Storage Project in Northern California

Retrieved on: 
Wednesday, January 4, 2023
Environment, Environmental Issues, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Agriculture, Natural Resources, Carbon, Hydrogen, CDMA, California Resources Corporation, Nut, Agriculture, Partnership, European integrated hydrogen project, Economics, Partial oxidation, Nitrogen, Ammonia, CCS, Carbon dioxide, CO2, Vegetable, Eurasian Natural Resources Corporation, NYSE, CRC, CTV, Heart, FID, Pox, Coal, Fertilizer, Renewable energy, Iron ore, Grannus

Called the Grannus Blue Ammonia and Hydrogen Project, the project aims to be California’s first blue ammonia and hydrogen facility producing 150,000 MT per annum of blue ammonia and 10,000 MT per annum of blue hydrogen.

Key Points: 
  • Called the Grannus Blue Ammonia and Hydrogen Project, the project aims to be California’s first blue ammonia and hydrogen facility producing 150,000 MT per annum of blue ammonia and 10,000 MT per annum of blue hydrogen.
  • The blue ammonia facility will use Grannus’ patented process which is expected to operate a virtually emissions-free facility once the CO2 is sequestered.
  • California produces over a third of the country’s vegetables and three-quarters of the country’s fruits and nuts, providing a strong ammonia market in the state.
  • The facility is expected to produce 150,000 MT per annum of blue ammonia and 10,000 MT per annum of blue hydrogen.

California Resources Corporation Announces January Investor Conference Participation

Retrieved on: 
Wednesday, December 21, 2022
Energy, Other Energy, Utilities, Oil, Gas, California Resources Corporation, Petroleum & Resources Corporation, Conference, NYSE, CRC

California Resources Corporation (NYSE: CRC) announced today that the Company’s executives will be participating in the following in-person events in January 2023:

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that the Company’s executives will be participating in the following in-person events in January 2023:
    Goldman Sachs Energy and Clean Technology Conference on January 5 in Miami, FL
    TD Securities London Energy and Power Conference on January 9 - 10 in London, UK

California Resources Corporation Announces Carbon Dioxide Management Agreement For CTV’s First Permanent Carbon Storage Project

Retrieved on: 
Wednesday, December 7, 2022
Energy, Other Energy, Utilities, Oil, Gas

We are excited to be at the forefront of the energy transition in California.

Key Points: 
  • We are excited to be at the forefront of the energy transition in California.
  • Carbon TerraVault Joint Venture (CTV JV) is a carbon management partnership focused on carbon capture and sequestration development, and was formed between Carbon TerraVault (CTV), a subsidiary of CRC, and Brookfield Renewable.
  • California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector.
  • Headquartered in Tulsa, OK, Lone Cypress offers a full suite of technology-enabled solutions including project development, project management, EPC contracting, and asset operations.

Zero-emission Power Generation from Oil and Gas Production Streams

Retrieved on: 
Tuesday, November 15, 2022
CRC Energy Efficiency Scheme, ICE, Partnership, University, Carbon, Efficiency, EPC, Department, CCS, Multimedia, Retirement, CRC, United States Department of Energy, Electricity, LLC, Engineering, ORC, California Resources Corporation, Renewable energy

For this project CRC will be sending aggregated production from 11 wells through ICE's patented system, recycling thermal energy from the geologic formation which is brought to surface through production.

Key Points: 
  • For this project CRC will be sending aggregated production from 11 wells through ICE's patented system, recycling thermal energy from the geologic formation which is brought to surface through production.
  • This energy will be converted into emissions free power which will be utilized to power CRC's in-field operations and offset purchased electricity.
  • ICE will lead the project, contributing their patented methods for harvesting heat for the conversion to emissions-free, baseload power.
  • California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector.