August 27, 2014 5:15 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Aera Energy LLC

Company Overview

Aera Energy LLC engages in the exploration and production of crude oil and natural gas. The company was founded in 1997 and is based in Bakersfield, California with oilfield operations in Belridge, Coalinga, Midway Sunset, San Ardo, Ventura, Lost Hills, Cymric, and McKittrick counties. Aera Energy LLC operates as a subsidiary of Shell Exploration & Production Company.

10000 Ming Avenue

Bakersfield, CA 93311-1302

United States

Founded in 1997

Phone:

661-665-5000

Fax:

661-665-5302

Key Executives for Aera Energy LLC

Chief Executive Officer and President
Age: 57
Chief Financial Officer and Senior Vice President
Senior Vice President and General Counsel
Senior Vice President of Business Resources
Senior Vice President of Production
Compensation as of Fiscal Year 2014.

Aera Energy LLC Key Developments

Aera Energy LLC Presents at IHS Energy CERAWeek 2014, Mar-04-2014 11:20 AM

Aera Energy LLC Presents at IHS Energy CERAWeek 2014, Mar-04-2014 11:20 AM. Venue: Hilton Americas, Houston, Texas, United States. Speakers: Gaurdie E. Banister, President and Chief Executive Officer.

Zodiac Exploration Inc. Signs Farmout with Aera Energy, LLC

Zodiac Exploration Inc. announced that it has signed a definitive farmout agreement with Aera Energy LLC, whereby Aera has acquired the right to earn a 50% interest in approximately 19,600 net acres of Zodiac lands located in Kings County, California. Under the terms of the Farmout Agreement, Aera will pay 100% of the cost of two vertical wells and two horizontal wells to be drilled on or adjacent to the Farmout Lands. The agreement is comprised of two phases: The initial phase 1 earning wells will be drilled on the northern portion of the Farmout Lands. Aera will drill a vertical test well to an estimated depth of 14,800 feet to the Monterey and Kreyenhagen formations. Following evaluation of the data obtained from the vertical well; a horizontal well will be drilled into one of the identified, prospective formations previously encountered, either as a sidetrack out of the existing wellbore or as a standalone well. Upon fulfilment of the drilling commitments in Phase1, Aera will earn a 50% interest in approximately 9,800 acres of the Farmout Lands. Drilling in phase 1 must commence no later than June 2013 under the terms of the Farmout agreement, subject to regulatory approval and rig scheduling.

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