Chevron Looks To Dump More Permian Assets ...Middle East

OILPRICE - Economy
Chevron Looks To Dump More Permian Assets
source : OILPRICE ( Middle East ) () 36
Following a previously established trend of divesting Permian oil and gas assets, Chevron has put more assets up for grabs in New Mexico and Texas, according to documents seen by Reuters. Chevron, the largest property owner in the area with over 2 million acres, has been offloading some assets in that region for a while, contributing to the pick up in oil and gas dealmaking. It has also picked up other assets in the same area, setting aside $4 billion for Permian basin development this year. Last month, Chevron signed a deal to buy shale firm PDC…

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