Aera Energy LLC

Aera Energy LLC is one of California's largest oil and gas producers, accounting for over 25 percent of the state's production. Formed in June 1997 and jointly owned by affiliates of Shell and ExxonMobil, we are operated as a stand-alone company through our own board of managers. We are industry leaders that specialize in tapping heavy oil and other unconventional light reservoirs. With headquarters in Bakersfield, most of our production is centered in the San Joaquin Valley. We also have oil field operations in Ventura and Monterey counties. Aera produces about 134,000 barrels of oil and 37 million cubic feet of natural gas each day and has proved oil and gas reserves equivalent to approximately 720 million barrels of oil.