Energy giant Chevron Corp (NYSE: CVX) is reportedly evaluating sale options for its East Texas assets.
The asset comprises around 70,000 net acres of land in East Texas' Haynesville shale formation, for which development was stopped earlier this year, as per Reuters.
"Chevron is evaluating opportunities for our East Texas assets and is committed to safely delivering high returns and lower carbon," a spokesperson told Reuters.
The company could still consider other options for the land, including a partnership with other regional producers who could develop the assets in return for a split of ...