---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-24-000003"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T03:58:27.061742+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CRC updates Q4 guidance, expects $40-60MM FCF; EPA issues first CA Class VI draft permit

## Summary
- Q4 guidance: FCF $40-60MM, production 82-84 MBOE/d (~60% oil), capex $65-75MM.
- Expects to exceed quarterly FCF guidance; production in line with prior guidance.
- EPA released California's first Class VI draft permit for 26R reservoir (CTV I storage vault); 90-day public comment period started.
- CTV targets: 5MMTPA injection rate by YE27 and 200MMT storage capacity by YE27.
- Permitted injection capacity of 38MMT with injection rate up to ~1.5MMTPA, both above type curve.

## SEC filing metadata
- accession: 0001609253-24-000003
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000003/0001609253-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000003/crc-20240104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-24-000003
- JSON: https://secwatch.observer/filing/0001609253-24-000003.json
- Plain text: https://secwatch.observer/filing/0001609253-24-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.