CRC snapshot sacramentobasin 500,000 | California Resources Corporation (CRC) holds approximately 500,000 net acres in the Sacramento Basin, approximately 35 percent of which we hold in fee. 9,000 | In 2014, CRC produced 9,000 barrels of oil equivalent per day in the Sacramento Basin. 53 FIELDS | CRC actively 55 | CRC has approximately 55 operates 53 fields with development opportunities in the Sacramento Basin, primarily consisting of dry gas production. employees in the Sacramento Basin. 12,000 | The Sacramento Basin is a deep, elongated northwesttrending basin covering about 12,000 square miles. Exploration in the basin started in 1918. DEDICATED NEIGHBOR | CRC donated to the Yuba-Sutter County United Way and Children’s Type 1 Diabetes Resources Center to support their crucial social services to those in need. crc.com industry snapshot california LARGEST OIL & GAS ENVIRONMENT 3RD LARGEST $40 BILlion PRODUCTS 82% REGULATION ECONOMY California is the nation’s largest state economy and the world’s seventh largest, with significant energy demands that exceed local supply. California is one of the most prolific oil and natural gas producing regions in the world and is the third-largest oil producing state in the nation. The United States relies on fossil fuels for 82 percent of the nation’s total energy needs. According to the U.S. Government’s 2014 Annual Energy Outlook, fossil fuels will continue to provide 80 percent of our total energy needs in 2040, the last year forecasted. ENERGY DEFICIT California imports approximately 60 percent of its oil, 90 percent of its natural gas and 25 percent of its electricity. A vast majority of the oil is imported from outside the state, mostly from foreign locations. * Based on data from a 2014 study by the Los Angeles County Economic Development Corporation Californians consume all of the oil and gas produced in the state, and still have to import approximately twice as much from other states and foreign countries like Saudi Arabia and Iraq to satisfy demand. The petroleum industry in California is responsible for 5.4 percent of the state’s gross domestic product and produces $40 billion in wages, benefits and payroll taxes per year.* California has the most comprehensive regulatory system for oil and natural gas production of any producing state. More than 14 state and federal agencies oversee all aspects of the exploration and development of properties, production, transportation and the sale of oil and natural gas. TECHNOLOGY Advances in technology can help meet society’s increasing energy demands and protect the environment. The energy industry is making great strides in how energy sources are extracted, created and used — always with the aim of using less to do more. Since 1990, the U.S. oil and natural gas industry has invested $148 billion in new technologies and projects to enhance its environmental performance — $504 for every man, woman and child in the United States. Oil is not just a source of energy — it is also an important raw material. Hydrocarbons from oil are key ingredients in many materials including detergents, candles, ink, cosmetics, glue, eyeglass lenses, fabrics made from synthetic fibers and rubbers, plastics, acrylic paint, fertilizer, foam cushions and drugs such as aspirin. JOBS & LABOR INCOME In Sacramento County, the oil and natural gas industry employs more than 6,500 people and generates $585 million in labor income.* ECONOMIC ACTIVITY In Sacramento County, the oil and natural gas industry generates $494 million in state and local taxes and $642 million in economic activity.* 3