California Resources (CRC)
About California Resources (CRC)
California Resources Corp. is an independent energy and carbon management company, which engages in energy transition. The firm focuses on increasing the value of land, mineral and technical resources for decarbonization by developing carbon capture, storage and other emissions reducing projects. It operates through the following segments: Oil and Natural Gas Exploration and Production, and Carbon Management. The Oil and Natural Gas Exploration and Production segment explores for, develops and produces crude oil and condensate, natural gas liquids and natural gas in major producing basins located in California and Utah. The Carbon Management segment, referred to as Carbon TerraVault, is focused on building, installing, operating and maintaining CO2 capture equipment, transportation assets and underground storage facilities. The company was founded on April 23, 2014 and is headquartered in Long Beach, CA.