Consider a Consent to the Change in Parental Guarantees for Oil & Gas Leases No. PRC 8377.1 & PRC E-415.1 to the Newly Formed California Resources Corporation,
Summary
SCH Number
2014068443
Public Agency
California State Lands Commission
Document Title
Consider a Consent to the Change in Parental Guarantees for Oil & Gas Leases No. PRC 8377.1 & PRC E-415.1 to the Newly Formed California Resources Corporation,
Document Type
NOE - Notice of Exemption
Received
Posted
6/24/2014
Document Description
Rio Vista Gas Field and Grizzly Island Wildlife Management Area, Contra Costa, San Joaquin, Sacramento and Solano Counties.
Consent to the change in Parental Guarantees for both leases (PRC 8377.1 and PRC E-415.1) from Occidental Oil and Gas Holing Company to CA Resources 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 to be in excess of One Billion Dollars (US); and, (3) final approval of Oxy's spin-off by the OPC Board of Directors.
Contact Information
Name
Nazee Heda
Agency Name
California State Lands Commission
Contact Types
Lead/Public Agency
Phone
Location
Counties
Contra Costa, Sacramento, San Joaquin, Solano
Notice of Exemption
Exempt Status
Other
Type, Section or Code
S:15378
Reasons for Exemption
The activity is not a project as defined in Section 15378 CCR. [Esc. 15060(c)(3)CCR]
Consent to change parental guarantees for Oil and Gas Leases 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.
Disclaimer: The document was originally posted before CEQAnet had the capability to host attachments for the public. To obtain the original attachments for this document, please contact the lead agency at the contact information listed above. You may also contact the OPR via email at state.clearinghouse@opr.ca.gov or via phone at (916) 445-0613.