# California Resources Corp (CRC) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_923e2c09efc5158cb5a4 · retrieved 2026-08-14T01:27:04.124Z

## Overview
California Resources Corporation is an independent energy and carbon management company that produces crude oil, natural gas, and natural gas liquids from properties in California and Utah, and develops carbon capture and storage projects.

California Resources Corporation announced the signing of a definitive purchase agreement to acquire Crimson Midstream Holdings, LLC from CorEnergy Infrastructure Trust, Inc. for total cash consideration of $63 million, subject to customary adjustments. The acquisition of Crimson's California pipeline systems and storage assets is described as a strategic infrastructure investment that strengthens CRC's integrated California energy platform.

## Terms
- Counterparty: CorEnergy Infrastructure Trust, Inc. · Deal value: $63.0M · Consideration: cash

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001609253-26-000127): 8-K - California Resources Corp — *California Resources Corporation is an independent energy and carbon management company that produces crude oil, natural gas, and natural gas liquids from properties in California and Utah, and develops carbon capture and storage projects.* California Resources Corporation announced the signing of a definitive purchase agreement to acquire Crimson Midstream Holdings, LLC from CorEnergy Infrastructure Trust, Inc. for total cash consideration of $63 million, subject to customary adjustments. The acquisition of Crimson's California pipeline systems and storage assets is described as a strategic infrastructure investment that strengthens CRC's integrated California energy platform.
  https://www.sec.gov/Archives/edgar/data/1609253/0001609253-26-000127.txt

## Citations
- 0001609253-26-000127 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000160925326000127