California Oil Merger: CRC Acquires Berry Corp

California's oil landscape is about to shift dramatically! California Resources Corp (CRC) is set to acquire Berry Corp for $717 million, solidifying its dominance as the state's largest oil operator. Fresh off a major turnaround from bankruptcy and the Aera Energy purchase, CRC's move promises significant savings, increased production, and a boost to California's energy independence, fueled by new drilling permit approvals and carbon management opportunities. Hosted on Acast. See acast.com/privacy for more information.