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California Resources to Divest Uinta Basin Assets for $90 Million
Source: zacks.com
M&A & RestructuringEnergy Markets & PricesCompany FundamentalsCapital Returns (Dividends / Buybacks)
CRC plans to sell its non-core Uinta Basin assets for approximately $90 million. The divestiture will free cash for the company's California-focused strategy and capital-allocation priorities, potentially improving portfolio focus and financial flexibility.
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