Consider a Consent to Assignment and Approval of te City of Long Beach's Consent to Assignment of the Oil and Gas Interests in the Long Beach Tidelands held by
Summary
SCH Number
2014068446
Public Agency
California State Lands Commission
Document Title
Consider a Consent to Assignment and Approval of te City of Long Beach's Consent to Assignment of the Oil and Gas Interests in the Long Beach Tidelands held by
Document Type
NOE - Notice of Exemption
Received
Posted
6/24/2014
Document Description
Occidental Petroleum Corporation (OXY) to California Resources Corporation, an Independent Publicly Traded Company, Long Beach Unit, Los Angeles County - W 12001, W 17166
Approve the consent by the City of Long Beach to Oxy's spin-off of its CA business to CRC insofar as it affects the transfer of ownership of Occidental Long Beach, INC. (OLBI) from Oxy to California Resources Company (CRC); Approve the City's release of Oxy's guarantee of OLBI's performance under the contractors' Agreement, the Unity Agreement and the Unit Operating Agreement in return for an equally inclusive guarantee from CRC, as provided in the Assignment Consent Agreement with the City; Consent to Oxy's spin-off of its California business to CRC insofar as it affects the transfer of ownership of Oxy Tidelands, Inc. and Oxy Wilmington, LLC, the general partners of Tidelands Oil Production Company (tidelands) to CRC; and Consent to the release of Occidental Oil and Gas Holding Corporation's guarantee of Tideland's performance under the Tidelands Oil contract in return for an equally inclusive guarantee from CRC.
Contact Information
Name
Jessica Rader
Agency Name
California State Lands Commission
Contact Types
Lead/Public Agency
Phone
Location
Cities
Long Beach
Counties
Los Angeles
Notice of Exemption
Exempt Status
Other
Type, Section or Code
S:15378
Reasons for Exemption
Consent to assignments 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.