California Resources Corporation (CRC), a Santa Clarita-based oil and natural gas exploration and production company, announced Wednesday that the company has filed for Chapter 11 bankruptcy. CRC, the largest oil and gas producer in California, is now struggling from lowered crude oil prices due to reduced demand amid the COVID-19 pandemic. “We have consistently operated within cash flow, significantly reducing ...

An oil and gas exploration company is moving its production technology office to Santa Clarita, officials said Monday. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. California Resources Corp., which was formally owned by Occidental Petroleum, is announcing the move Monday. “It’s going to be on Tourney Road,” said Holly Schroeder, executive director of the ...

Courtesy of SCVNews.com State Sen. Fran Pavley authored a bill recently calling for more comprehensive and transparent reporting of oil and gas well drilling activity. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. This is the first step in addressing the serious deficiencies identified in how, for example, post-drilling wastewater is disposed of in underground ...