---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-24-000005"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T03:07:18.101032+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CRC issues Q4 2023 guidance: FCF $40-60MM, production 82-84 MBOE/d; EPA issues draft Class VI carbon storage permit

## Summary
- 4Q23E FCF guidance $40-60MM; production 82-84 MBOE/d (~60% oil); total capital $65-75MM.
- EPA released first draft Class VI permit in California for CRC's 26R reservoir (CTV I); 90-day public comment period started.
- CTV injection rate target 5MMTPA by YE27; storage capacity target 200MMT.
- Management expects to exceed Q4 FCF guidance and meet production guidance.

## SEC filing metadata
- accession: 0001609253-24-000005
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000005/0001609253-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000005/crc-20240105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-24-000005
- JSON: https://secwatch.observer/filing/0001609253-24-000005.json
- Plain text: https://secwatch.observer/filing/0001609253-24-000005.txt

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