Revitalizing California’s Legacy Oil Fields
May 2019: Nearly tripling our operated daily production rate, Crimson completed the acquisition of an undivided 50% interest in the Lost Hills Field from California Resources Corporation. Crimson is the designated operator of the asset.
March 2019: Crimson hit its highest company-wide production rate with a record 3000 BOEPD.
September 2018: Ensign 505 rig starting a 19 well program at Crimson’s MWSS 25A property.
March 2018: Crimson hit its highest company-wide production rate since 2009 with a record 2778 BOEPD, led by its Midway-Sunset 25A thermal lease, which broke the 1100 BOPD barrier since the greenfield property commenced production in 2014.
September 2017: Drilling rig at 25A thermal project ready to drill eleven (11) slim hole injectors.
June 2015: Completed drilling ten (10) Tulare producing wells at Midway-Sunset 25A.
April 2015: Crimson 25A thermal project went to steamflood on April 21 with the commissioning of Tulare injector – Well #108-5Ai at 177 BSPD.