California Resources to divest Uinta Basin assets for about $90 million
California Resources Corp. said it signed an agreement with an undisclosed buyer to divest assets in the Uinta Basin, mostly in Utah and Colorado, for about $90 million.
California Resources Corp. said it has signed an agreement with an undisclosed buyer to sell its Uinta Basin assets, located mostly in Utah and Colorado, for about $90 million. Chief Executive Francisco Leon said Thursday the sale will further align the company's portfolio.