California Resources Closes $63 Million Crimson Midstream Acquisition

05:26 PM EDT, 09/01/2026 (MT Newswires) -- California Resources (CRC) said late Tuesday it is closing its $63 million all-cash acquisition of Crimson Midstream Holdings from CorEnergy Infrastructure Trust. The transaction was approved by the California Public Utilities Commission on Aug. 13, the company said. California Resources said it intends to update its full-year 2026 guidance in its Q3 earnings release to reflect the closing of the Crimson acquisition.