California Resources Sells Ventura Basin Operations for $102 Million
Transaction Type
Sellers
Buyers
Basin
Ventura Basin
Announce Date
Post Date
Close Date
Estimated Price
$102.0MM
Description
Purchase operations in the Ventura Basin producing 3,600 boe/d (about 65% oil) during 1Q 2021; agreements include additional earn-out consideration linked to future commodity prices.