CRC is narrowing its guidance range for average daily total net production from 85 to 91 Mboe/d4 to 85 and 87 MBoe/d4, ~60 % oil, for the 2023 to reflect the anticipated 5%-7% entry to exit decline in production. The company is lowering its guidance range for the 2023 capital program from $200M-$245M to $185M-$210M.
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