An undisclosed buyer acquired a Non-Operating Working Interest in the Round Mountain Unit in the San Joaquin Basin from California Resources Corporation (NYSE:CRC) for $35 million on December 29, 2023. CRC retained an option to capture, transport and store carbon dioxide (CO2) emissions from the production at Round Mountain Unit for future carbon management projects.

An undisclosed buyer completed the acquisition of a Non-Operating Working Interest in the Round Mountain Unit in the San Joaquin Basin from California Resources Corporation (NYSE:CRC) on December 29, 2023.