HES - Chevron Eyes Sale Of Canada's Duvernay Shale Gas Assets To Trim Portfolio: Report | Benzinga
On Friday, Chevron Corp (NYSE:CVX) reportedly disclosed that it is putting its natural gas business in Canada’s Duvernay Shale for sale.
The move comes as a part of its efforts to streamline global operations following several big acquisitions, reported Reuters.
The assets produce around 40,000 barrels of oil and gas daily from about 235,000 acres (951.01 square kilometers) in the Duvernay field in central Alberta and could fetch up to $900 million, as per the Houston-based advisory firm Energy Advisors Group, which the report ...