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