CPP INVESTMENTS PARTNERS WITH IKAV TO ACQUIRE AERA ENERGY

About Aera Energy LLC Aera Energy is a California company and a long-time leader in the energy industry accounting for nearly 25 percent of the state''s oil production. Formed in 1997, it is headquartered in Bakersfield and known for excellent safety and environmental performance, innovative business practices, application of cutting-edge

CarbonFrontier

"Aera Energy''s CarbonFrontier and Aera DAC embody a pioneering approach to lower carbon energy, blending cutting-edge technology with Kern County''s rich heritage in energy production. These initiatives will propel California toward its 2045 carbon neutrality goal and significantly contribute to economic prosperity through job creation and

Aera Energy

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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, and one of California''s largest oil and natural gas producers, with an approxim

Compensation and Benefits

Read more in Aera''s Benefits at a Glance Accessibility Notice If you need a reasonable accommodation for any part of the employment process due to a physical or mental disability, please call 1-888-757-2372 and ask for one of our recruiting team members.

Newsroom

Today, the U.S. Department of Energy announced the selection of Aera Federal LLC to begin award negotiations, valued at $4.5 mln, to conduct a feasibility study for a regional direct air capture (DAC) hub at the Belridge oil field in Kern County, California.

California Resources Corporation to Combine with Aera Energy

LONG BEACH, Calif.--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

California Resources Corp signs merger with Aera Energy

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC in an all-stock transaction, the companies announced in a joint news release.

Who We Are

Formed in June 1997, Aera is based in Bakersfield in the heart of Kern County – one of the largest oil-producing regions in the nation – with operations in Ventura, Monterey and Fresno counties. We''re known for excellent safety and

IKAV Announces Merger of Aera Energy With California Resources

IKAV, the international asset management group, announced today that a merger agreement has been signed to combine Aera Energy LLC ("Aera") with California Resources Corporation (NYSE: CRC) under which the two companies will combine to reshape the energy industry in California. The merger is an all-stock transaction valued at $2.1 billion.

Who We Are

Formed in June 1997, Aera is based in Bakersfield in the heart of Kern County – one of the largest oil-producing regions in the nation – with operations in Ventura, Monterey and Fresno counties. We''re known for excellent safety and environmental performance, innovative business practices, application of cutting-edge technology, and a

Advocacy

Aera is collaborating to build a constructive energy future for California – a future that both meets the energy needs of Californians while creating a better future for generations to come. That means innovating and deploying new ways to decarbonize energy production– all while continuing to help meet the needs of 36 million people in

Who We Are

At Aera, we''re accelerating our more than 25-year journey by focusing on what we do best: safely delivering the reliable and affordable energy that Californians depend on today and will need for years to come. As part of our shared vision for California''s energy future, we''re leading the way in the next generation of energy production focusing on the coexistence of oil and gas with the

Aera''s Direct Air Capture Hub Awarded U.S DOE Funding

Bakersfield, CA – Aera Energy LLC announced today that the U.S. Department of Energy (DOE) awarded Aera Federal LLC a $2.8 million cooperative agreement contract as part of the department''s Regional Direct Air Capture (DAC) Hubs Initiatives, which aim to demonstrate the capture, processing, delivery, and storage or end-use of captured carbon.

New ownership, shared commitment

As a leading California energy company, Aera Energy has adapted for more than 25 years to meet California''s evolving stringent regulatory requirements, providing economic stability, good jobs and reliable energy while supporting the state''s climate goals with innovative solutions. In Fresno County, Aera Energy has approximately 30 employees.

CPP Investments Partners with IKAV to Acquire Aera Energy

About Aera Energy LLC Aera Energy is a California company and a long-time leader in the energy industry accounting for nearly 25 percent of the state''s oil production. Formed in 1997, it is headquartered in Bakersfield and known for excellent safety and environmental performance, innovative business practices, application of cutting-edge

News: IKAV acquires Aera Energy from Shell and

About Aera Energy LLC Aera Energy is a California company and a long-time leader in the energy industry accounting for nearly 25 percent of the state''s oil production. Formed in 1997, it is headquartered in Bakersfield and known for

CPP Investments partners with IKAV to acquire Aera Energy

Canada Pension Plan Investment Board (CPP Investments) will partner with international asset management group IKAV to acquire California energy producer Aera Energy LLC. In September 2022, IKAV, which has deep renewables expertise as well as a strong track record managing U.S. conventional energy assets, announced plans to acquire Aera Energy.