Lost Hills Solar Project

• A Crimson affiliate has executed a Power Purchase Agreement (PPA) for a 2.2 MW solar plant at the Crimson operated Lost Hills oil field
  • The solar plant is located on-site at Lost Hills and will supply electricity to the oil field
  • Construction is complete and the solar project is expected to be online in January 2021
• The electricity generated from the solar plant will reduce the amount of utility power consumed by the Lost Hills field, lowering the lifecycle carbon emissions of transportation fuels in California
• Crimson is exploring opportunities to expand the plant size to further reduce its consumption of carbon-based utility power

N. Midway-Sunset Solar Project

• Construction of the MWSS 23A Solar Facility began on November 29th
  
• Crimson has executed a Power Purchase Agreement (PPA) for a 1.1 MW solar plant
• Crimson’s Solar Plant will be installed on Crimson’s 23A lease which is approximately 2.5 miles northwest of the 25A oil field
  • Plant will take up approximately 10 acres of surface
  • Power will be consumed at the 25A lease
  • Opportunity to expand the plant size over time
• Project will be Crimson’s 2nd solar development after successful construction of a solar plant at the Lost Hills field