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California Resources Corp acquires Crimson

PUBLIC · CRCSep 01, 2026

Acquiring Company

California Resources Corporation

Acquired Company

Crimson

Long BeachNew YorkEnergyOil And GasRenewable EnergySoftwareArtificial IntelligenceMachine LearningLegalLegal Tech

Description

California Resources Corporation has completed the acquisition of Crimson to enhance its oil production capabilities. The acquisition allows CRC to deliver California-produced barrels to high-value markets efficiently. It will also increase operational flexibility and flow assurance across its portfolio. This move is part of CRC's broader strategy for CO2 transportation development across California.

Quick answer

California Resources Corporation is acquiring Crimson, announced September 1, 2026. California Resources Corporation is based in Long Beach, California, United States.

How much did California Resources Corporation pay for Crimson?
The deal value was not disclosed.
What does California Resources Corporation do?
California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition.
Where are California Resources Corporation and Crimson based?
California Resources Corporation is based in Long Beach, California, United States. Crimson is based in New York, New York, United States.
Who are the decision-makers at California Resources Corporation?
Fundz holds 1 contact at California Resources Corporation. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

California Resources Corporation

Location

Long Beach, California, United States

About

California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC produces some of the lowest carbon intensity oil in the US and is focused on maximizing the value of its land, mineral and technical resources for decarbonization efforts.

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Frequently asked

Who acquired Crimson?

Crimson was acquired by California Resources Corporation, based in Long Beach. The deal was reported on September 1, 2026. California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. California Resources Corporation is publicly traded (CRC) and operates in Energy.

When did California Resources Corporation acquire Crimson?

California Resources Corporation's acquisition of Crimson was reported on September 1, 2026. California Resources Corporation has completed the acquisition of Crimson to enhance its oil production capabilities. The acquisition allows CRC to deliver California-produced barrels to high-value markets efficiently. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Crimson do?

Crimson is a London-based litigation AI startup focused on complex disputes. It offers an ingestion and analysis layer that extracts critical data from legal documents to support analysis and case management. It is privately held, operating in Software, and is based in New York.

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