California Resources Corporation Completes Acquisition of Crimson
Posted: September 1, 2026 |
LONG BEACH, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the closing of its approximately $63 million all-cash acquisition of Crimson Midstream Holdings, LLC (“Crimson”) from CorEnergy Infrastructure Trust, Inc. The transaction was approved by the California Public Utilities Commission on August 13, 2026. The assets complement CRC’s integrated energy portfolio and will support reliable, more affordable local production in the Golden State.
CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets
Posted: February 4, 2021 |
KANSAS CITY, MO –February 4, 2021 - CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") today announced the acquisition (the “Transaction”) of Crimson Midstream Holdings, LLC (“Crimson”), a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million.
Crimson Midstream LLC Press Announcement – Final Regulatory Approval for Shell-San Pablo Bay Pipeline Company Acquisition
Posted: February 6, 2020 |
Long Beach, February 6, 2020 – Crimson Midstream, LLC (Crimson), confirms it has received the final regulatory approval needed to complete the purchase from Shell Pipeline Company LP (Shell) of the Shell California crude pipeline systems. The California Public Utilities Commission (CPUC) provided its regulatory approval on February 6, 2020.
Crimson Midstream LLC Press Announcement – Shell-San Pablo Bay Pipeline Company Acquisition
Posted: February 1, 2019 |
Long Beach, February 1, 2019 – Crimson Midstream, LLC (Crimson), today confirmed it has signed a Sale and Purchase Agreement (SPA) with Shell Pipeline Company LP (Shell) to buy its California crude pipeline systems. Approximately 600 miles of active, idled and abandoned pipelines including the San Pablo Bay Pipeline Company and the proprietary crude lines in California are included in this transaction. The sale of the company is subject to regulatory approval and is expected to be completed in 2019.
Crimson Midstream and MPLX Announce Extension of Binding Open Season for Swordfish Pipeline to Align with Capline Reversal Open Season
Posted: January 31, 2019 | Press Release
LONG BEACH, California, Jan. 31, 2019 – Crimson Midstream, LLC and MPLX LP (NYSE: MPLX) today announced an extension to the binding open season on the Swordfish Pipeline to align with the recently announced binding open season by Capline Pipeline Company LLC. Additionally, the Louisiana Offshore Oil Port (LOOP) recently confirmed the loading of three VLCCs in seven days from the deepwater port and stated the number of vessels loaded can be scaled to meet increasing market demand.