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ExxonMobil to sell share of Aera Energy JV

Published by
World Pipelines,


ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.

The transaction involves a share sale of Mobil California Exploration & Producing Asset Company. In addition, ExxonMobil affiliates have entered into a separate agreement for the sale of an associated loading facility and pipeline system.

“This sale is part of our strategy to continually strengthen our industry-leading portfolio, focusing our investments in low-cost-of-supply oil and natural gas to meet consumer demand and create value for our shareholders,” said Liam Mallon, President of ExxonMobil Upstream Company.

Read the article online at: https://www.worldpipelines.com/business-news/02092022/exxonmobil-to-sell-share-of-aera-energy-jv/

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US pipeline news ExxonMobil news