California Resources Corporation (OTCMKTS:CRCQQ) is an independent energy company focused on the exploration and production of oil and natural gas, primarily within the state of California. Established in 2014 following a spin‐off from a larger energy firm, the company owns and operates a diverse portfolio of onshore acreage in key producing basins such as the San Joaquin, Ventura, and Sacramento; these assets span both conventional and unconventional reservoirs. CRC emphasizes capital discipline and operational efficiency in its pursuit of hydrocarbon development.
The company’s core activities include drilling, well completions, and reservoir management, with an integrated approach that spans the full value chain from resource delineation through production optimization. CRC employs advanced technologies such as horizontal drilling and enhanced oil recovery (EOR) techniques—steam flooding and cyclic steam—to maximize recovery rates, particularly in heavy oil formations. Its asset base is complemented by midstream infrastructure that supports fluid handling, processing, and transportation to local refineries and markets.
Headquartered in Long Beach, California, CRC leverages a deep understanding of the state’s regulatory environment and geology to maintain stable operations. The firm has cultivated long‐standing relationships with local stakeholders, including landowners, community organizations, and regulatory bodies, to ensure compliance with environmental and safety standards. This local focus has enabled consistent production levels and the potential for future growth through asset optimization and exploration activities.
Leadership at California Resources Corporation is spearheaded by a seasoned management team with extensive experience in upstream oil and gas. The executive suite is committed to sustainable development practices, cost management, and generating strong operational cash flow. Through its targeted reinvestment strategy and focus on risk management, CRC aims to create long‐term value for stakeholders while continuing to serve as a principal domestic supplier of California’s energy needs.
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