What does Aera Energy do?
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.
Is Aera Energy publicly traded?
Aera is operated as a stand-alone company through its board of managers….Aera Energy.
| Type | Limited Liability Company |
|---|---|
| Industry | Petroleum |
| Founded | 1997 |
| Headquarters | Aera Oaks, Bakersfield, California, United States |
| Area served | California |
How many employees does Aera Energy have?
1,100 employees
Aera Energy, which employs about 1,100 employees and nearly 2,800 contractors in Kern, Fresno, Monterey and Ventura counties, also ranked second among 32 companies listed in the construction, oil & gas operations, mining and chemicals category.
How much oil is in Bakersfield?
All told, Kern County produces 66% of the oil in California, about 10% of the U.S. oil supply, and approximately 1% of the world’s total oil production. That works out to about 560,000 barrels of oil per day, which at $12 to $15 per barrel is something like $2.4 billion to $3.0 billion worth of oil every year.
Does Shell own Aera?
Aera Energy is jointly owned by affiliates of Shell and ExxonMobil.
Where are the California oil fields?
California drilling operations and oil production are concentrated primarily in Kern County, San Joaquin Valley and the Los Angeles basin.
Is Bakersfield an oil town?
Oil City is an unincorporated community in Kern County, California, about 5 miles (8 km) northeast of Bakersfield, adjacent to the Kern River Oil Field….Oil City, California.
| Oil City | |
|---|---|
| State | California |
| County | Kern County |
| Elevation | 449 ft (137 m) |
Is Aera leaving California?
Exclusive: Shell Plans to Exit California Joint Venture With Exxon Mobil – Sources. July 1, 2021, at 12:13 a.m. (Reuters) – Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.
Is Exxon the same as Shell?
Exxon Chemical Co. and units of Royal Dutch/Shell Group have agreed to merge their petroleum additives businesses. The move reflects increasing competitiveness in the fuel and lubricants additives markets.
Who owns California oil fields?
There are 10 operating natural gas storage facilities in California, which use underground depleted oil or natural gas production fields. All but three of them are owned by either Pacific Gas and Electric or Southern California Gas Company.
Where are Aera Energy’s oil fields in California?
Aera is proud to call California home, with operations in Kern County—one of the largest oil-producing regions in the country. Aera also has active fields in Fresno, Monterey and Ventura counties, and permitting is underway in Northern Santa Barbara.
Why is Aera Energy best place to work?
Employees say the company’s commitment to health and safety and putting employees and neighbors first – is why Aera has been named a Central Coast Best Place to Work. Two of Aera’s female manager of operations share their thoughts on stereotypes, public perception and the role of women in a changing oil industry.
What kind of oil does Belridge energy produce?
The Belridge Producing Complex includes exploration and production (E&P) operations in the North and South Belridge, Lost Hills, Cymric, and McKittrick oil fields. Oil and gas production includes heavy oil production from the Tulare formation and light oil production from the diatomite formation.
What kind of infrastructure does Belridge energy have?
The infrastructure of the Belridge Producing Complex is a very large, concentrated, interdependent system consisting of thousands of wells; hundreds of miles of roads, pipelines, and power lines; seven oil and water treating plants; 55 steam generators; two cogeneration plants; and one gas processing plant.