 | This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: nonstandard and inconsistent footnote style. (May 2015) |
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| Company type | Private |
|---|---|
| Industry | Petroleum |
| Founded | 1997 |
| Founder | Shell plc and Mobil |
| Headquarters | Aera Oaks, Bakersfield, California, United States |
Area served | California |
Key people | Erik Bartsch (CEO) |
| Products | Petroleum, natural gas |
| Owner | IKAV |
Number of employees | 1,100 |
| Parent | California Resources Corporation |
| Website | aeraenergy.com |
Aera Energy LLC (or simply Aera) is a natural gas, oil exploration and production company started as a joint venture between Shell plc (through Shell USA) and Mobil (which later merged to form ExxonMobil). Headquartered in Bakersfield, California, Aera Energy LLC is a California limited liability company,[1] and one of California's largest oil and natural gas producers, with an approximate 2015 revenues of over $2 billion. Aera is operated as a stand-alone company through its board of managers.
In August 2022, IKAV, a European investment company, announced it was buying Aera from Shell and ExxonMobil.[2][3] In July 2024, California Resources Corporation completed a $2.1 billion, all-stock purchase acquisition of Aera.[4][5]
- ^ Xia, Roxana; Rust; Susanne; Chabria; Anita (October 10, 2021). "California's offshore oil rigs are decades old, and industry resists decommissioning them". Los Angeles Times. Retrieved June 27, 2022.
- ^ Orozco, Lance (September 1, 2022). "German company buys one of state's largest oil producers, which has operations in Ventura County". KCLU. Retrieved September 1, 2022.
- ^ Olalde, Mark (October 27, 2022). "Oil giants sell thousands of California wells, raising worries about future liability". Los Angeles Times. Retrieved November 7, 2022.
- ^ Cox, John (July 1, 2024). "CRC completes acquisition of Aera". The Bakersfield Californian.
- ^ Cox, John (February 7, 2024). "CRC agrees to buy Aera for $2.1 billion". The Bakersfield Californian. Retrieved February 10, 2024.