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4 mo
Last month, the California Resources Corporation announced a plan to get even bigger: it would acquire competitor Aera Energy LLC. Read more in the article from Joe Fassler 🔗
www.desmog.com/2024/03/18/c...
As CRC Prepares to Buy Aera, New Law to Stem Orphan Wells Faces its First Test
www.desmog.com
The deal would place 40 percent of California’s idle wells in the hands of one operator, a risk new rules could help mitigate — if regulators act.