Aera Energy LLC
Transactions
Exxon Mobil, Shell Divest Large California Oil Producer Aera Energy
Exxon Mobil, Shell Divest Large California Oil Producer Aera Energy
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
News
Berry Bolts On More California Assets as Kern County M&A Continues
As Berry Corp. continues its aggressive hunt for growth opportunities outside of California, the E&P made a second bolt-on acquisition in Kern County in the fourth quarter.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
Private Equity Returns to Oil and Gas Industry
As private equity firms return to upstream oil and gas, firms might raise up to $15 billion for oil and gas upstream, but the industry could use up to $25 billion, experts said.
Shell, Exxon Face Delays in Exiting California Oilfield
The sale of Aera Energy to German asset manager IKAV was supposed to close this month but is still pending review by the U.S. Committee on Foreign Investment.
Exxon Mobil, Shell Divest Large California Oil Producer Aera Energy
The total transaction value was not disclosed. However, in its release, Shell noted that the sale of its 51.8% membership interest in Aera Energy is for a total consideration of approximately $2 billion in cash.