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The world has an ever-increasing demand for energy, and BP discovers, develops and delivers oil and gas across the globe. We’re capturing existing sources while enhancing the potential of renewable and alternative energy. How? By making the most of our world-class assets and investing in new technologies. Above all, though, by recruiting, developing and rewarding talented people. People like you.
California Resources Corporation (CRC) is an oil and natural gas exploration and production company operating high-growth, high-return conventional and unconventional assets exclusively in California. CRC explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids. CRC makes significant use of proven modern technologies to enhance safety and efficient production across our leading mineral acreage position and diverse portfolio. CRC provides “Energy for California by Californians.” California homes, farms, businesses and communities need ample, affordable and reliable energy, and CRC`s dedicated workforce of approximately 4,000 California employees and contractors develops dependable local oil and natural gas reserves that help to reduce our state`s chronic dependence on imported energy. For the past three years, our employees have received Excellence Achievement Awards from the National Safety Council for their exemplary safety performance across our statewide operations. Investing in California CRC is also an economic engine for California. Since 2014, our operations have spent approximately $7.6 billion with more than 2,000 vendors and provided approximately $1.4 billion in revenues and taxes to the State and our host counties and cities where we live and work. CRC is the largest oil and natural gas producer in California on a gross-operated basis and we believe we have established the largest privately-held mineral acreage position in the state, consisting of approximately 2.3 million net acres spanning the state`s four major oil and gas basins. We have a sizable inventory of approximately 33,870 gross drilling locations and 6,400 gross prospective resource drilling locations throughout the state and a significant portfolio of conventional and unconventional opportunities from which we plan to generate production growth over the longer term.
Sabinal Energy is a privately-held oil and gas company headquartered in The Woodlands, Texas. Sabinal is focused on the acquisition and development of large, long-life producing oil and gas assets across North America. Sabinal will target mature fields with established and predictable production profiles in geographic areas with consolidation opportunities. The Company will create value by applying the latest technology to optimize production, reduce costs and enhance the operating and financial performance of the assets. Members of the Sabinal management team have successfully acquired and developed some of the largest and most successful reservoirs in North America including the Barnett, Eagleford, Woodford/STACK, and multiple areas in the Rockies. Several of our Executives have managed large assets with more than 1 Bcfe/d of daily production, 7 Tcfe of proved reserves, and drilling programs in excess of 800 horizontal wells per year.