California Rsrcs

CRC NYSE
18.21
-0.48
-2.57%
Opening 13:17 06/19 EDT
Open
18.38
Prev Close
18.69
High
18.60
Low
17.66
Volume
1.06M
Avg Vol (3M)
2.28M
52 Week High
50.34
52 Week Low
13.48
% Turnover
2.17%
Market Cap
888.65M
1D
5D
1M
3M
1Y
5Y

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Company Profile

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe). As of December 31, 2016, it drilled 42 development wells with 37 wells in the San Joaquin basin and five in the Los Angeles basin, which included over 30 steamflood and eight waterflood wells. As of December 31, 2016, the Company produced 36 billion barrels of oil equivalent (BBoe), including approximately 20 BBoe in the San Joaquin basin, 11 BBoe in the Los Angeles basin, three BBoe in the Ventura basin and 10 trillion cubic feet (Tcf) of natural gas in the Sacramento basin. Its operations included 135 fields with 8,837 gross active wellbores, as of December 31, 2016.
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