Bud's Offshore Energy (BOE)

A fresh start for Aera Energy with IKAV, a German asset management company that purchased Aera from Shell and ExxonMobil.

From 1997 to 2007, Aera operated the Beta Unit offshore Huntington Beach. Since selling those facilities, all Aera operations have been conducted onshore, primarily in Kern County, a historically important California oil production area. Aera will continue to operate these onshore properties for IKAV, which looks like an interesting company.

Meanwhile, the Beta Unit has been in the news because of the October 2021 spill from the pipeline transporting Beta Unit production from Platform Elly to shore.