$CRC

California Resources Corp (CRC) insider Jay A. Bys filed a notice to sell 11,907 shares, acquired via restricted stock vesting on January 25, 2024. The filing also reports prior sales of the same amount on three future dates in 2026, with Daniel Tucci of Fidelity Brokerage Services acting as attorney-in-fact.

California Resources Corporation (CRC) completed its $63M acquisition of Crimson Midstream Holdings, adding midstream pipeline assets. The company expects $1M-$2M in G&A and capital expenses for Crimson in Q3 2026. CRC plans to update its full-year 2026 guidance with Q3 earnings. According to the company, Crimson's pipelines may support CO2 transportation development.

California Resources Corp. (CRC) acquired Crimson Midstream Holdings for $63M, gaining a 2,000-mile pipeline network. The deal, pending regulatory approval, aims to enhance CRC's transportation and marketing options. Additionally, CRC plans a data center project near its Elk Hills Oil Field, partnering with Beacon Data Centers. The company also reported its first carbon dioxide injection revenue of $1M.

California Resources Corporation (CRC) agreed to acquire Crimson Midstream Holdings for $63M in cash, aiming to ease transportation bottlenecks. The deal adds 2,000 miles of pipelines and 400,000 barrels per day capacity, potentially improving market access and reducing reliance on third-party routes. CRC's Q2 earnings were impacted by pipeline issues, highlighting the deal's strategic importance. The transaction is expected to close in Q3 2026, subject to regulatory approvals.

California Resources Corporation (CRC) held its Q2 2026 earnings call. Adjusted EBITDAX was $338 million, with net production of 149,000 MBoe/d and oil at 81%. Free cash flow was $151 million before working capital. CRC said Berry merger synergies reached $103 million annualized, drilling efficiency improved 25%, and it received tentative approval for its Crimson midstream acquisition.

California Resources Corporation said it will reopen a Kern County to Bay Area oil pipeline by buying about 2,000 miles of pipeline from CorEnergy Infrastructure Trust. It will acquire Crimson Midstream Holdings, LLC for $63 million, enabling about 400,000 barrels per day of throughput. The deal is expected to close in Q3 pending regulatory approval.

Bys Jay A. (EVP & Chief Commercial Officer) sold 11,907 shares of California Resources Corp (CRC) at $54.00 ($0.64M total) on 2026-08-10 under a Rule 10b5-1 trading plan.

Consumer Watchdog says California’s proposed industrial Carbon Capture and Storage rules and a $4 billion CO2 allowance pool could benefit oil producers, citing CRC’s CCS plans and a possible PUC approval of CRC’s purchase of Crimson Utilities. The report questions CCS effectiveness, citing CBO and IEEFA figures and claims federal tax credits are key to project viability.

California Resources (NYSE:CRC) reported Q2 call highlights, citing nearly 9% lower G&A expenses from Berry merger efficiencies and delivering about $400 million of up to $470 million in 2028 synergies. CRC kept full-year targets near 153,000 BOE/d and $520 million to $560 million capex. It plans to buy Crimson’s ~2,000-mile pipeline network and began Elk Hills CCS, capturing ~270 tons CO2/day.

California has not adopted state rules for monitoring and paying for cleanup of underground CO2 storage, despite a January 2025 deadline. The U.S. EPA approved injections by California Resources Corp. at Elk Hills, a century-old oil field, which is being used as a test case. The article cites unresolved authority, potential well-leak risks, and possible billions in public funding.