Aera Energy LLC (Aera) is a natural gas, oil exploration and production company jointly owned by Shell Oil Company and ExxonMobil headquartered in Bakersfield, California. In addition, Aera Energy LLC is a California limited liability company, and one of California’s largest oil and natural gas producers, with an approximate 2014 revenues of over $4 billion. Aera is operated as a stand-alone company through its board of managers.¹