Amendment of Lease - PRCs 3978.1, 4270.1, 7493.1, 8354.1, 8485.1, 8874.1

Summary

SCH Number
2014068395
Lead Agency
California State Lands Commission
Document Title
Amendment of Lease - PRCs 3978.1, 4270.1, 7493.1, 8354.1, 8485.1, 8874.1
Document Type
NOE - Notice of Exemption
Received
Posted
6/24/2014

Document Description
Authorize Amendment of Leases No. 3978.1, 4270.1, 7493.1, 8354.1, 8485.1, and 8874.1, to amend the acceptance of a parent guaranty from Occidental Oil and Gas Holding Corporation to California Resource Corporation (CRC) for full performance of obligations under the lease, effective upon the State's receipt of (1) declaration of the United States Securities and Exchange Commission that CRC's Registration Statement on Form 10 is effective; (2) the most recent pro forma balance sheet included in CRC's Registration Statement on Form 10 and declared effective by the United States Securities and Exchange Commission that reflects the net worth (total assets less total liabilities) of CRC o be in excess of One Billion Dollars (US); and, (3) final approval of OPC's Board of Directors.

Contact Information
Jessica Rader
California State Lands Commission
100 Howe Avenue, Suite 100-South
Sacramento, CA 95825-8202

Phone : (916) 574-1900

Location

Counties
Contra Costa Sacramento San Joaquin Solano
Other Location Info
Suisun Bay; Roaring River SLough and Grizzly Slough at Van Sikle Island; Sevenmile Slough adjacent to Brannan and Twitchell Islands; Tomato Slough at Brannan Island; Old River at Union Island

Notice of Exemption

Exempt Status
Categorical Exemption
Type, Section or Code
S:15378
Reasons for Exemption
Not a project as defined in Section 15378 CCR. [Sec. 15060(c)(3)CCR] Amendment of Lease for the above-mentioned purpose(s) does not have a potential for resulting in either a direct or a reasonably foreseeable indirect physical change in the environment, and is, therefore, not a project in accordance with CEQA.
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