CRC Play To Buy Aera Is Way To Avoid Plugging Idle Wells, Extending Life Of Depleted Oil Fields Via Unproven Technology, Say Consumer Watchdog and FrackTracker Alliance

LOS ANGELES, Feb. 7, 2024 /PRNewswire/ — Oil giant California Resources Corp’s purchase of Aera Energy for just half the price it fetched two years ago is a ploy for Aera to avoid plugging very low producing wells, and for California Resources to take advantage of the state’s reliance on…