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California Resources Corp (CRC.N)

CRC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

California Resources Corp Announces New Midstream Joint Venture And Equity Investment
Wednesday, 7 Feb 2018 04:15pm EST 

Feb 7 (Reuters) - California Resources Corp ::CALIFORNIA RESOURCES CORPORATION ANNOUNCES NEW MIDSTREAM JOINT VENTURE AND EQUITY INVESTMENT.CALIFORNIA RESOURCES CORP - ENTERED INTO A MIDSTREAM JOINT VENTURE WITH A PORTFOLIO COMPANY OF PRIVATE EQUITY GROUP OF ARES MANAGEMENT, L.P.CALIFORNIA RESOURCES CORP - UNDER A NEW LONG-TERM COMMERCIAL AGREEMENT, CO WILL PURCHASE POWER AND GAS PROCESSING FROM JOINT VENTURE.CALIFORNIA RESOURCES -HAS OPTION TO REDEEM COMMON, PREFERRED EQUITY INTERESTS HELD BY ARES PORTFOLIO AT ANY POINT IN FIRST SEVEN&ONE-HALF YEARS OF JV.  Full Article

California Resources says ‍entered into $1.3 bln credit agreement with Goldman Sachs Bank USA and various lenders​
Friday, 17 Nov 2017 04:30pm EST 

Nov 17 (Reuters) - California Resources Corp :California Resources - ‍entered into $1.3 billion credit agreement with Goldman Sachs Bank USA, Bank Of New York Mellon Trust Company and various lenders​.California Resources Corp says the ‍2017 term loans under the credit agreement mature on December 31, 2022​ - SEC Filing.California Resources- proceeds of loans in credit agreement used to pay outstanding term loans&part of revolving loans in credit agreement as of Sept'14‍​.  Full Article

California Resources Corp posts Q3 loss of $3.11 per share
Monday, 6 Nov 2017 04:15pm EST 

Nov 6 (Reuters) - California Resources Corp :California Resources Corporation announces third quarter 2017 results.Q3 adjusted loss per share $1.22.Q3 earnings per share view $-1.59 -- Thomson Reuters I/B/E/S.Q3 loss per share $3.11.Qtrly total revenues and other $445 million versus $456 mln‍​.Qtrly t‍otal daily production volumes averaged 128,000 BOE/D versus 138,000 BOE/D.  Full Article

California Resources Q2 adjusted loss per share $1.83
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - California Resources Corp ::California Resources Corporation announces second quarter 2017 results.Q2 adjusted loss per share $1.83.Q2 loss per share $1.13.Q2 earnings per share view $-1.73 -- Thomson Reuters I/B/E/S.  Full Article

California Resources Corp Q1 adjusted loss per share $1.02
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - California Resources Corp :California Resources Corporation announces first quarter 2017 results.Q1 adjusted loss per share $1.02.Q1 earnings per share $1.22.Q1 earnings per share view $-1.26 -- Thomson Reuters I/B/E/S.California Resources Corp - sees Q2 production (without JV) 127 to 132 mboe per day.Qtrly total revenues and other $590 million versus $322 million.Produced an average of 132,000 boe per day in Q1.Q1 revenue view $485.9 million -- Thomson Reuters I/B/E/S.Sees Q2 2017 capital (without JV) of $80 million to $100 million.Increasing 2017 capital plan to a range of $400 million to $425 million.  Full Article

California Resources Corp, Macquarie announce JV
Wednesday, 19 Apr 2017 07:00am EDT 

April 19 (Reuters) - California Resources Corp :California resources corporation and macquarie announce joint venture to invest up to $300 million in oil & gas properties.California resources corp - mira has committed to fund $160 million for development of oil and gas properties in california.California resources corp - mira will fund 100 percent of development wells in which it will earn a 90 percent working interest.California resources corp - crc's working interest will revert from 10 to 75 percent upon mira achieving an agreed return.  Full Article

California Resources reports JV to invest $250 mln in oil & gas properties
Thursday, 16 Feb 2017 04:16pm EST 

California Resources Corp : California Resources Corporation announces joint venture to invest $250 million in oil & gas properties . California Resources Corp - BSP will make an initial $50 million investment to be directed toward drilling activities across properties subject to JV . California Resources - BSP will make subsequent investments in tranches up to $50 million at discretion of JV partners over a two year investment window . California Resources Corp - announced joint venture with Benefit Street Partners L.L.C. (BSP) to invest in CRC's oil and gas properties in California .California Resources Corp - cos anticipate that initial investment will fund in approximately two weeks.  Full Article

California Resources reports Q4 loss per share of $1.83
Thursday, 16 Feb 2017 04:15pm EST 

California Resources Corp : Announces fourth quarter 2016 and year end results, 2016 reserves and 2017 capital plan . Q4 adjusted loss per share $1.76 . Q4 loss per share $1.83 . Q4 earnings per share view $-1.64 -- Thomson Reuters I/B/E/S . Quarterly production of 135,000 BOE per day , a 2.2 pct sequential decline .Will begin year with a capital investment plan of $300 million.  Full Article

California Resources says has sufficient liquidity to last well into 2018 - SEC filing
Wednesday, 4 Jan 2017 04:47pm EST 

California Resources Corp :California Resources - based on current capital program, believe to have sufficient liquidity for rest of 2016, all of 2017, well into 2018 - SEC filing.  Full Article

California Resources Q3 earnings per share $13.06
Thursday, 3 Nov 2016 04:15pm EDT 

California Resources Corp - : Total daily production volumes averaged 138,000 barrels of oil equivalent (boe) for Q3 of 2016, compared with 158,000 Boe . California Resources Corporation announces third quarter 2016 financial results and reaffirmation of borrowing base . Q3 adjusted loss per share $1.75 . Q3 earnings per share $13.06 .Q3 earnings per share view $-1.55 -- Thomson Reuters I/B/E/S.  Full Article