April 19, 2017 / 11:29 AM / in 3 months

BRIEF-California Resources Corp, Macquarie announce JV

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April 19 (Reuters) - California Resources Corp

* California resources corporation and macquarie announce joint venture to invest up to $300 million in oil & gas properties

* California resources corp - mira has committed to fund $160 million for development of oil and gas properties in california

* California resources corp - mira will fund 100 percent of development wells in which it will earn a 90 percent working interest

* California resources corp - crc's working interest will revert from 10 to 75 percent upon mira achieving an agreed return Source text for Eikon: Further company coverage:

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