CRC’s Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: GlobeNewswire
Represents Nation’s First Class VI Permits to Sequester CO2 in Depleted Oil and Natural Gas Fields LONG BEACH, Calif., Dec. 31, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced receipt of final Class VI well permits from the Environmental Protection Agency (EPA) for underground injection and storage of carbon dioxide (CO2) into the 26R reservoir, located at CRC’s Elk Hills Field in Kern County, California. The 26R reservoir is part of CTV’s joint venture with Brookfield. “We are proud to have received the state’s first Class VI permits, enabling us to advance critical clean energy projects in California,” said Francisco Leon, CRC’s President and Chief Executive Officer. “This milestone underscores our leadership in the carbon capture and storage sector and highlights our capability to deliver carbon management solutions to key industrial partners across the state.”
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News
- https://seekingalpha.com/article/4746065-california-resources-post-merger-progress [Seeking Alpha]Seeking Alpha
- California Resources Co. (NYSE: CRC) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $63.00 price target on the stock.MarketBeat
- California Resources Corporation Announces January Investor Conference Participation [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Announces January Investor Conference ParticipationGlobeNewswire
- California Resources Co. (NYSE: CRC) was upgraded by analysts at Capital One Financial Co. to a "strong-buy" rating.MarketBeat
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/12/24 - Form 144
- CRC's page on the SEC website