/PRNewswire/ Oil giant California Resources Corp s purchase of Aera Energy for just half the price it fetched two years ago is a ploy for Aera to avoid.
CRC Play To Buy Aera Is Way To Avoid Plugging Idle Wells, Extending Life Of Depleted Oil Fields Via Unproven Technology, Say Consumer Watchdog and FrackTracker Alliance streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ California oil regulators issued 95% fewer permits to drill new wells and 25% fewer to fix or redrill existing wells during 2023 in a cratering.
The activist group F Minus recently revealed what its executive director called an obvious “conflict.” The firm, Buchanan, Ingersoll and Rooney, has represented the foundation and 16 fossil fuel-related companies, including one of the largest frackers in Pennsylvania.