California Resources — Corporate Update (July 2020)

5 slides from California Resources's corporate update, Jul 16, 2020

Slide 1: Cleansing Materials July 2020
EXHIBIT 99.2 Cleansing Materials July 2020
Slide 2: Disclaimer Regarding Forward-Looking Statements
Disclaimer Regarding Forward-Looking Statements FORWARD‐LOOKING STATEMENTS The information in this presentation and in any oral statements made in connection herewith include forward‐looking statements. All statements, other than statements of present or historical fact included in this presentation
Slide 3: Reserves Summary
Reserves Summary ($ in millions unless otherwise noted) SEC YE 2019 Reserves 5/27/2020 Strip Net Reserves Net Reserves Net Net Gross Oil & Cond. Gas NGL PV10 Gross Oil & Cond. Gas NGL PV10 Equivalent Equivalent Locations (MMbbls) (Bcf) (MMbbls) ($MM) Locations (MMbbls) (Bcf) (MMbbls) ($MM) (Mmboe) (
Slide 4: Key Assumptions for Projections
Key Assumptions for Projections ($ in millions unless otherwise noted) Commodity Pricing Strip Pricing as of 6/5 2020E 2021E 2022E 2023E 2024E Strip as of Brent Oil ($/bbl) $40.79 $44.23 $46.79 $49.00 $50.92 6/5/2020 Gas ($/mcf) 1.98 2.63 2.46 2.41 2.44 Realized Pricing 2020E 2021E 2022E 2023E 2024E
Slide 5: Projections Summary
Projections Summary ($ in millions unless otherwise noted) Daily Production (Mboe/d) Capex ($MM) PDP / PDNP Development PDP / PDNP Capital(1) Development Capital 110 $264 100 93 93 97 $237 14 $149 $117 $236 110 100 93 88 $78 $29 83 $51 $25 $78 $88 $88 $27 $28 2020 2021 2022 2023 2024 2020 2021 2022