Home News Chevron seeking Permian Basin asset deals – Chevron Corporation (NYSE:CVX)

Chevron seeking Permian Basin asset deals – Chevron Corporation (NYSE:CVX)

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Chevron (NYSE:CVX) says is offering to sell 150K-200K net acres in the Permian Basin, as it seeks to unlock value from a massive position in the premier play.

Bruce Niemeyer, a CVX VP who oversees the company’s Mid-continent assets, tells UpstreamOnline.com that the company plans to swing deals for the acreage this year and next.

CVX says the deals could include acreage swaps, joint ventures or outright sales, as well as farm-out agreements that would allow for accelerated development.



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