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
Lead 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

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

(916) 574-1900

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.
Download CSV New Search