midway-sunset oil field

The Midway-Sunset oil field near Taft is the state’s most productive. Kern produces up to 75 percent of California’s in-state oil.

Denver-based Crimson Midstream LLC has agreed to buy Shell Pipeline Co. LP's 600-mile California oil pipeline system, which includes a key, state-regulated conduit — the San Pablo Bay Pipeline — linking oilfields in western Kern with Bay Area refineries.

Terms of the transaction were not disclosed. The deal is expected to close later this year.

Since 2005, Crimson has grown quickly in California by buying pipelines and other oil infrastructure from Chevron-Texaco, ExxonMobil, Conoco Phillips and others.

John Cox can be reached at 661-395-7404. Follow him on Twitter: @TheThirdGraf. Sign up at Bakersfield.com for free newsletters about local business.

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