California Resources To Accelerate Activity With $250 Million JV

Transaction Type

Sellers

California Resources Corp.

Buyers

Benefit Street Partners LLC

Basin

San Joaquin, Los Angeles, Ventura, Sacramento

Announce Date

Thu, 02/16/2017 - 12:00 PM

Post Date

Mar 5, 2017

Close Date

Thu, 02/16/2017 - 12:00 PM

Estimated Price

250MM

Description

Formed JV for the investment of up to $250 MM to develop conventional and unconventional assets in CA.

California Resources To Accelerate Activity With $250 Million JV