Amendment of Lease and Revision of Rent - PRC 8796.1

Summary

SCH Number
2014068396
Lead Agency
California State Lands Commission
Document Title
Amendment of Lease and Revision of Rent - PRC 8796.1
Document Type
NOE - Notice of Exemption
Received
Posted
6/24/2014

Document Description
Authorize an Amendment of Lease No. PRC 8796.1, to amend the acceptance of a parent guaranty from Occidental Oil and Gas Holding Corporation to CA Resource Corporation (CRC) for full performance 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 to be in excess of One Billion Dollars (US); and, (3) final approval of Oxy's spin-off by the OPC Board of Directors. Approve the revision of rent for Lease No. PRC 87963.1 from $423 per year to $1,072 per year, effective August 22, 2014.

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

Notice of Exemption

Exempt Status
Other
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 and revision of rent 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 are, therefore, not projects in accordance with CEQA.
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