California Resources, an independent energy and carbon management company committed to energy transition, agreed to merge with Aera Energy, an oil and gas producer, in a $2.1bn deal. “Aera and CRC are two great companies with decades of experience and track records that will serve as a foundation for a strong combination. We are committed to continuing to deliver the energy Californians need today and working to deploy carbon capture at-scale,” Erik Bartsch, Aera President and CEO.