Business Areas
Most of Aera’s production is located in the San Joaquin Valley. The company also has oil field operations in Ventura and Monterey counties. Aera produces approximately 143,000 barrels of oil and 40 million cubic feet of natural gas each day, and has proved oil and natural gas reserves equivalent to approximately 747 million barrels of oil. Aera produces about 25 percent of California’s oil and natural gas.12 Aera is the number one privately held oil and natural gas company in the nation.3
The work force needs of Aera are provided by Aera Energy Services Company (Aera Services), a Delaware corporation. Aera and Aera Services employ more than 1,200 people and hundreds of contractor companies.
The company began operating as Aera Energy LLC on June 1, 1997 and consists of the California onshore and offshore exploration and production assets previously operated by CalResources LLC (a former Shell affiliate), Mobil Exploration & Producing US Inc. (now an ExxonMobil affiliate), and ARCO.
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