Acquiring Company
California Resources
Acquired Company
Crimson Midstream Holdings
Long BeachUnited StatesEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
California Resources Corp. has announced its agreement to acquire Crimson Midstream Holdings LLC for $63 million. This acquisition will enhance CRC's pipeline infrastructure by adding 2,000 miles of new pipelines, increasing its crude oil transportation capacity. The deal is expected to close in the third quarter, pending regulatory approvals, and bolsters CRC's midstream asset control strategy in California.
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Based on deal dataFrequently asked
Who acquired Crimson Midstream Holdings?
Crimson Midstream Holdings was acquired by California Resources, based in Long Beach. The deal was reported on August 12, 2026. California Resources Corp. is an energy producer focused on the development of oil and gas resources in California. The company operates various midstream and upstream assets across the state. California Resources is publicly traded (CRC) and operates in Energy.
When did California Resources acquire Crimson Midstream Holdings?
California Resources's acquisition of Crimson Midstream Holdings was reported on August 12, 2026. California Resources Corp. has announced its agreement to acquire Crimson Midstream Holdings LLC for $63 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Crimson Midstream Holdings do?
Crimson Midstream Holdings LLC is a pipeline company specializing in the transportation of crude oil and other hydrocarbons. It owns and operates key pipeline infrastructure across the United States. It is privately held, operating in Energy, and is based in United States.