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California Resources agrees to sell Uinta Basin assets for USD 90 million

PUBT·09/17/2026 13:05:12
California Resources agrees to sell Uinta Basin assets for USD 90 million
  • California Resources Corp signed a deal to sell its Uinta Basin assets to an undisclosed buyer for about USD 90 million cash.
  • Portfolio shift toward California operations; sale monetizes non-core assets acquired in the Berry merger.
  • Effective date July 1, 2026; closing expected by year-end, subject to third-party consents and customary conditions.
  • Net proceeds earmarked for shareholder returns and other corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609170900PRIMZONEFULLFEED9828585) on September 17, 2026, and is solely responsible for the information contained therein.