California Resources 2026 Drilling and Carbon Capture Expansion
Sector: Oil and Gas • Location: California, Utah, United States
Source: Investing.com Australia
California Resources Corporation plans to accelerate drilling activity by adding three rigs in the second half of 2026, two in California and one in Utah's Uinta Basin, targeting approximately 1% production growth. The company is also advancing its carbon capture and storage (CCS) operations with the Elk Hills project, California's first commercial-scale CCS operation, aiming to inject up to 7 mil
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | California Resources Corporation plans to accelerate drilling activity by adding three rigs in the second half of 2026, two in California and one in Utah's Uinta Basin, targeting approximately 1% production growth. The company is also advancing its carbon capture and storage (CCS) operations with the Elk Hills project, California's first commercial-scale CCS operation, aiming to inject up to 7 million metric tons of CO2 annually. Capital expenditures for 2026 are projected at $520-$560 million, with significant allocation to drilling, completions, facilities, and carbon management. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |