CRC
- California Resources Corporation
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Overview
Company Summary
California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company based in California, USA. It primarily focuses on the exploration, development, and production of oil and natural gas reserves within the state.
CRC's operations cover a diverse range of activities. It engages in the acquisition, development, and optimization of oil and gas properties, including conventional and unconventional resources. The company has an extensive portfolio of assets that include onshore and offshore fields, thermal and conventional oil production, and natural gas facilities.
CRC operates in key oil-producing areas of California, such as the San Joaquin Basin, Los Angeles Basin, and Ventura Basin. These regions are known for their abundant oil and gas reserves, providing CRC with a significant opportunity for production.
The company utilizes advanced technologies, innovative methods, and a strong focus on operational efficiencies to extract hydrocarbons from the reservoirs in a cost-effective and sustainable manner. CRC explores and develops new opportunities to expand its resource base, targeting both conventional and unconventional formations.
In addition to conventional drilling techniques, CRC also employs enhanced oil recovery (EOR) techniques, such as steam flooding and water flooding, to maximize oil production from its thermal assets. It also maintains an active water management program to ensure responsible and sustainable water usage during extraction processes.
CRC's ultimate goal is to provide a reliable and consistent supply of energy while prioritizing safety, environmental sustainability, and responsible resource management. The company recognizes the importance of incorporating advanced technologies and adhering to stringent regulatory standards to ensure operational excellence.
Overall, California Resources Corporation is dedicated to the exploration, development, and production of oil and natural gas resources within California, achieving growth and profitability while maintaining a commitment to environmental stewardship.