secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001609253-24-000005
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925324000005/0001609253-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925324000005/crc-20240105.htm
  HTML page:      https://secwatch.observer/filing/0001609253-24-000005

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