California Resources to Sell Uinta Basin Properties for $90 Million

09:57 AM EDT, 09/17/2026 (MT Newswires) -- California Resources (CRC) said Thursday it agreed to sell its Uinta Basin properties to an unnamed purchaser for about $90 million in cash, effective July 1, with closing expected by the end of the year. The transaction allows the company to focus on California and monetize non-core holdings gained from the Berry merger, the company said. The business plans to allocate the net proceeds toward stockholder returns and general corporate needs, California Resources said. Price: 54.82, Change: +0.35, Percent Change: +0.64