California Resources, state’s largest driller, files for bankruptcy

California Resources, state’s largest driller, files for bankruptcy

California Resources Corp., the state’s largest oil driller, filed for bankruptcy protection Wednesday, seeking relief from $5 billion in debt and looming interest payments. The oil and gas producer reached an agreement for $1.1 billion debtor-in-possession financing package, which also refinances the company’s current revolving loan facility.

Sandra
Sandra
Arthur
Arthur 3 weeks

Another California business regulated to death!

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