Aera Energy
American gas and oil company / From Wikipedia, the free encyclopedia
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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.
This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: nonstandard and inconsistent footnote style. (May 2015) |
Company type | Private |
---|---|
Industry | Petroleum |
Founded | 1997; 27 years ago (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 |
Website | aeraenergy.com |
In August 2022, IKAV, a European investment company, announced it was buying Aera from Shell and ExxonMobil.[2][3] In February, 2024, California Resources Corporation announced a $2.1 billion, all-stock purchase agreement for Aera.[4]