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Elk Hills

Articles from Elk Hills

California Resources Dabbles with Zero-Emissions Tech for E&P Operations, Keeps Spotlight on CO2 Management

Earnings

California Resources Dabbles with Zero-Emissions Tech for E&P Operations, Keeps Spotlight on CO2 Management

The Golden State’s largest oil and natural gas producer, California Resources Corp. (CRC), has partnered with ICE Thermal Harvesting LLC and the University of Houston to use zero-emissions electricity for in-field operations.  The pilot project, which was launched at CRC’s flagship Elk Hills oilfield in October, aims to test the feasibility of harvesting thermal energy…

November 18, 2022

E&P

California Resources Cranks up Spending, Production Guidance

California Resources Corp.(CRC) on Thursday increased its full-year capital expenditures (capex) to a range of $650-700 million, including $100 million for joint venture (JV) funding, and raised its third quarter production forecast to 134,000-138,000 boe/d.CRC CEO Todd Stevens is focused on growth in the second half of the year, touting the company’s flagship Elk Hills interests, which are now totally under CRC’s control.

August 3, 2018