After $3.3 billion quarterly loss, CRC plans to cut capital investments 88% in 2016

In a tough but unsurprising move sure to be felt in local oil fields, California Resources Corp. said Monday it will further tighten its belt to survive difficult market conditions, slashing its 2016 capital spending to $50 million statewide from $401 million last year.CRC’s release of Path to Full Story on The Bakersfield Californian

Posted: Monday Feb-29-2016 7:30 PM

Bakersfield California News

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