Stay updated with breaking news from Brian lidsky. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
E&Ps are turning north toward Canadian shale plays as Lower 48 M&A opportunities shrink, and Chevron aims to monetize its footprint in Alberta’s Duvernay play. ....
Chevron on Friday said it will put its natural gas business in Canada s Duvernay Shale for sale as it continues to streamline global operations following several big acquisitions. ....
Chevron to seek sale of Canada's Duvernay Shale assets (NYSE:CVX) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The assets, which produce about 40,000 barrels of oil and gas a day, could fetch up to $900-million, according to the Houston-based advisory firm Energy Advisors Group ....
Chevron pitches $100 million in New Mexico properties as oil M&A heats up Chevron Corp (CVX.N) is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a rebounding oil market. Sales in the Permian Basin of West Texas and New Mexico have jumped as shale producers and private-equity firms seize on a sizzling recovery in oil prices to buy companies or secure new drilling prospects. Chevron set a May 20 deadline for bids on acres holding more than 1,000 producing wells with $1.1 million in combined monthly revenue, according to a sales document. Some of the properties are operated by ConocoPhillips (COP.N), BXP Operating and Providence Energy Services Inc, the document showed. ....