California Resources Lands $500 Million JV To Develop Historic Field
Transaction Type
Sellers
Buyers
Basin
San Joaquin Basin
Announce Date
Post Date
Close Date
Estimated Price
$500.0MM
Description
Formed JV to develop Elk Hills Field located within the San Joaquin Basin in Kern County, CA; initially commitment of $320 MM could be increased to $500 MM, subject to mutual agreement.