Revitalizing California’s Legacy Oil Fields
Breaking News
December 2019: Coming off the heels of record daily production at MWSS 25A for November 2019, Ensign 517 is helping Crimson drill (4) new Tulare producers and (8) new Tulare twin steam injectors. We expect these wells to come online in January 2020.
November 2019 – Due to our season of growth at Crimson Resource Management, we are pleased to announce that our Bakersfield office has relocated to a beautiful office suite located in Southwest Bakersfield. With now over 12,000 sqft of office space, this suite allows for continued growth in the years to come.
As of November 4, 2019, we kindly request you mark our new address in your records to:
11200 River Run Blvd.
Suite 200
Bakersfield, CA 93311
Our phone numbers, email addresses, and fax numbers all remain the same.
August 2019: Crimson sets monthly oil volume records for both of its thermal properties, MWSS 25A and Lost Hills and a company-wide production rate with a record 7811 BOEPD.
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.