California Resources (CRC) unusual aggressive buy 2500 December $55 calls for $2.50, moving up while peers lower recently in Energy. BAML upgraded to Buy this morning as a vertically integrated oil and gas producer, which supplies its own combined cycle natural gas plant called Elk Hills, situated in California’s Central Valley, close to where developers have announced 1.0GW of new AI data centers by 2028. Elk Hills by itself is not special, the 550MW plant is a fraction of California’s 35GW fleet. But no-one else is further along in CCS – development is still conceptual, but datacenters may be the commercial opportunity to push this forward. vertically integrated oil and gas producer, which supplies its own combined cycle natural gas plant called Elk Hills, situated in California’s Central Valley, close to where developers have announced 1.0GW of new AI data centers by 2028. Elk Hills by itself is not special, the 550MW plant is a fraction of California’s 35GW fleet. But no-one else is further along in CCS – development is still conceptual, but datacenters may be the commercial opportunity to push this forward.