CRC Eyes $60M Buy to Link Kern Oil to Bay Refineries | Bakersfield News

California Resources Corporation is set to acquire Crimson Midstream Holdings for over $60 million, unlocking a 2,000-mile pipeline network that could revolutionize how Kern County oil producers access high-value Bay Area refineries. This strategic move aims to streamline delivery, boost efficiency, and offer independent operators reliable market access — a long-sought opportunity many producers are already eager to tap into. The deal, expected to close in Q3 2026, could reshape California’s energy infrastructure by creating new pathways from the Central Valley to the coast, delivering lasting value for both producers and the broader market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a69909e2a9cff654