Items Tagged with 'stevens'

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Oxy Spinoff Hunkers Down, Searching For 'New Normal'

Preparing for a longer period of low crude prices, perhaps two or three more years, Los Angeles-based California Resources Corp. (CRC) after its second full quarter separated from Occidental Petroleum Corp.(Oxy), is focused on whittling down up to $1.6 billion in debt and concentrating on workover rigs in the vast steam flood operations it has in the San Joaquin Basin in the central valley. Read More