Low crude prices prompt withdrawal of Carson oil-drilling project

A 200-well oil and gas-drilling project planned for Carson’s Dominguez Oil Field has been scrapped in the face of declining crude values and a recent boom in domestic production, officials announced Monday.

California Resources Corp., a spinoff of one of the country’s largest oil producers, Occidental Petroleum Corp., withdrew its application with the city to dig horizontal and vertical wells on a 6.5-acre industrial park at 1450 Charles Willard St., near the StubHub Center.

The company has been working to get community support for the project for about four years and spent at least hundreds of thousands of dollars on initial construction and design plans, as well as technical reviews of potential environmental and health effects. It has also operated two test wells at the site for several years.

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