Exxon Mobil, Shell Divest Large California Oil Producer Aera Energy
Transaction Type
Buyers
Basin
San Joaquin Basin
Announce Date
Post Date
Estimated Price
$4,000.0MM
Description
To purchase Aera Energy, formerly a JV between Exxon Mobil and Shell and one of CA’s largest oil and gas producers; includes 13,000 wells in the San Joaquin Valley producing about 95,000 boe/d. (Expected to close 4Q 2022)