California Resources
California Resources Corporation is an independent oil and natural gas exploration and production company based in Santa Clarita, California, focused exclusively on operations within the state. The company manages approximately 2.1 million net acres of mineral acreage and has net proved reserves totaling 644 million barrels of oil equivalent. California Resources emphasizes low-carbon intensity production, making it one of the leaders in this regard in the United States. The company is committed to energy transition and aims to enhance the quality of life for Californians by providing affordable and reliable energy. In addition to its core exploration and production activities, California Resources is developing carbon capture and storage (CCS) and other emission-reduction projects, thereby maximizing the value of its resources while contributing to decarbonization efforts.
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Aera Energy
Acquisition in 2024
Aera Energy is a California-based oil and gas producer that specializes in the extraction of heavy oil and other unconventional light reservoirs. The company is committed to safe and reliable energy production, emphasizing the vital role of oil and gas in daily life. Aera Energy enhances the output of mature oil fields through the application of engineering expertise, lean processes, and innovative data management. By focusing on responsible production practices, Aera Energy aims to provide efficient and sustainable solutions for oil supply, ensuring that it meets the energy needs of its clients while maintaining a commitment to safety and quality.
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