California Resources Corporation (CRC) supports more than 22,000 owners located across the world, all with a common interest in California properties. CRC’s relationship with all of our interest owners is an essential part of our business. CRC’s success in the development of California’s natural resources begins with our communication with our owners. CRC appreciates the participation of our stakeholders in all of our exciting new projects and ventures and we hope to continue our collaborations for years to come.
At CRC, we believe in the value of maintaining open lines of communication with all of our interest owners. It is our highest priority to deliver quality and professional customer service and protect owner information by upholding high ethical standards of data security. Our knowledgeable team and experienced leaders are committed to continue building outstanding relationships with our owners and are dedicated to providing excellent service each and every day.
Royalty Owners
You would be considered a Royalty Owner if your lease is currently producing and you are receiving monthly revenue payments. Including Tidelands and Long Beach Unit owners.
Lease & Surface Owners
You would be considered a Lease or Surface Owner if your lease is not currently producing, but you are receiving delay rental payments or surface payments.
Joint Interest Owners
You would be considered a Joint Interest Owner if you own a working interest and share in paying a portion of capital and operational expenses in return for a share of the revenue earned.
General FAQ
You may elect for your payments to be directly deposited into your bank account via our electronic fund transfer (EFT) option. Selecting EFT will prevent lost, stolen or mail delayed checks and is safe and secure. To submit a request for EFT, please refer to the Direct Deposit Request form located in the Forms & Documents section of this website. Please send your signed written notice in an email to LandAdministration@crc.com, via fax at 661-621-6372, or via mail to:
California Resources Corporation
Attn: Land Administration
900 Old River Road
Bakersfield, CA 93311
If you are unsure if your account is already setup to be directly deposited, please contact the CRC hotline at 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form, for assistance.
Please refer to the Change of Address form located in the Forms & Documents section of this website. CRC will only accept written notice of an address change. Said written notice must be submitted by the interest owner or his/her authorized agent. If the written notice is sent by someone other than the interest owner, please enclose a copy of the document granting authority to act on behalf of said interest owner, such as a Power of Attorney. Please send your signed written notice in an email to LandAdministration@crc.com, via fax at 661-621-6372, or via mail to:
California Resources Corporation
Attn: Land Administration
900 Old River Road
Bakersfield, CA 93311
Please refer to the Transfer Instructions and Requirements document located in the Forms & Documents section of this website. This document provides the CRC requirements for several different transfer scenarios, (ex: sold property or deceased individual), but please keep in mind that you may be required to provide additional documentation, depending on your specific circumstances. Please send copies of all pertinent documents in an email to LandAdministration@crc.com, via fax at 661-621-6372, or by mail to:
California Resources Corporation
Attn: Land Administration
900 Old River Road
Bakersfield, CA 93311
The property description can be found either on the first page or the Exhibit of your lease. For further assistance, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.
Please allow 10 business days for your check to reach you before reporting a lost check. Please contact the CRC hotline, 1-855-272-5519 Option 1, or email using the Land Owner Assistance contact form and if your check has not cleared our bank, we will attempt to reissue your payment.
Dear Owners:
As you know, depressed demand for energy from the COVID-19 crisis and oil oversupply issues have been particularly challenging for CRC and the entire energy industry this year. Although CRC has taken many steps to manage our company through this crisis, the current environment requires us to take a further step to help us continue to be a good neighbor in California for many years to come.
We want to share some important news with you. CRC announced on July 15 that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. We expect that this balance sheet restructuring will establish a solid financial foundation through enhanced liquidity and a significant reduction in debt, positioning CRC to succeed long-term and continue to deliver the energy production Californians rely on every day.
Importantly, we are continuing to safely operate in the ordinary course of business while we complete this process. CRC expects to continue to issue royalty checks on producing wells and other lease payments during this restructuring without interruption. In fact, we sought permission from the Court to allow us to pay lease, royalty and partner obligations without interruption, and were granted such Court approval on July 17, 2020.
We are considering adjustments to our drilling and production levels while prices remain depressed. If any changes affect our operations on your land, we will communicate with you as we normally do.
You can be confident that our commitment to healthy, safe and environmentally responsible operations will not change. Health and safety remain our top priority, and our workforce is continuing our rigorous inspection and monitoring in accordance with California’s world-leading standards.
More information can be found through our restructuring web site at https://dm.epiq11.com/CaliforniaResources. If you have any questions, please call our toll-free number, (855) 917-3506. You may also receive a Notice of Commencement from the Court by mail in the coming days. This document is intended to inform our stakeholders of the Chapter 11 process and should not be cause for alarm. It does not necessarily require any action on your part and is a notification required by the Court.
We appreciate the support of our landowners and partners and expect to continue our positive relationship with you. Please reach out if you have any questions.
