Chevron adds more Marcellus acreage to its bag

FOLLOWING the recent $US3.2 billion ($A2.98 billion) acquisition of Marcellus shale specialist Atlas Energy, Chevron Corporation has acquired further Marcellus acreage and expanded its foothold in one of the US' most prolific shales.

The company announced it would acquire 228,000 net leasehold acres in the Marcellus shale, principally located in southern Pennsylvania, from private companies Chief Oil & Gas and Tug Hill.


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