Chevron Considers Sale of Haynesville Assets ...Middle East

Chevron is considering offloading its assets in the eastern Texas portion of the Haynesville shale play after the massive acquisition of Hess Corp. The supermajor is considering other options for the assets as well, Reuters reported, citing unnamed sources. The sources noted that Chevron’s output from part of these assets is around 40 million cubic feet of gas daily. Chevron has plans to divest from $15 billion worth of assets over the next five years, after a string of acquisitions boosted its shale acreage by as much as 700,000 acres, and…

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