---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-24-000046"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:32:46.111390+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# California appellate court voids Kern County EIR; CRC halts new well permits, plans one-rig 2024 program

## Summary
- On March 7, 2024, California appellate court found deficiencies in Kern County EIR and enjoined its use for oil/gas permit approvals.
- If unable to obtain new well permits in 2024, CRC plans one-rig program with $200M-$240M capital; expects 5%-7% production decline.
- Pending Aera merger excluded from decline estimate; CRC assessing next steps and timelines.

## SEC filing metadata
- accession: 0001609253-24-000046
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000046/0001609253-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000046/crc-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-24-000046
- JSON: https://secwatch.observer/filing/0001609253-24-000046.json
- Plain text: https://secwatch.observer/filing/0001609253-24-000046.txt

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