NYSE:CRCOil and Gas
How First Carbon Storage Injection at Carbon TerraVault I Will Impact California Resources (CRC) Investors
California Resources Corporation recently achieved the first carbon dioxide injection at its Carbon TerraVault I project at Elk Hills Field in Kern County, marking California’s first operational carbon capture and storage facility capable of ultimately storing up to 38 million metric tons of CO2 in depleted oil and gas reservoirs.
This initial injection not only reduces CRC’s own operational emissions but also creates a new market for industrial CO2 storage in the state, potentially...