Last month, the California Resources Corporation (CRC), already the largest gas producer in the Golden State, announced a plan to get even bigger: It would acquire competitor Aera Energy, California’s second-largest oil producer behind Chevron. Both companies already operate thousands of extraction sites in California, and their successful merger would make CRC the state’s largest … Continue reading As CRC Prepares to Buy Aera, New Law to Stem Orphan Wells Faces its First Test