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CRC bullish on long-term prospects of Monterey Shale: CEO

2015-04-30 22:02:49| Energy - Topix.net

California Resources Corp expects that, as oil prices recover, technology may enable extraction of Monterey Shale reserves previously thought to be unrecoverable, the company's chief executive said this week. The company was spun off from Occidental Petroleum Corp in November, three days after an OPEC decision sent prices into a tailspin and contributed to the worst decline since 2008.

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