HomeMarket NewsChevron reviewing options for Texas Haynesville shale assets - Reuters

Chevron reviewing options for Texas Haynesville shale assets – Reuters

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# Chevron Considering Options for Texas Haynesville Shale Assets

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Chevron (NYSE:CVX) is evaluating alternatives for approximately 70,000 net acres of land in the Haynesville shale located in east Texas, as per a report by Reuters on Tuesday.

The alternatives being explored include a potential full sale of the Haynesville assets or forming partnerships with other producers in the region. It has been reported that Chevron has communicated its intention to market these assets early next year to certain potential buyers.

According to the report, the acreage, a significant portion of which remains undeveloped, is projected to be valued in the low hundreds of millions of dollars. This potential divestiture marks a small initial move for Chevron (CVX) as part of its broader strategy to offload assets amounting to as much as $15 billion over the next five years. This initiative follows Chevron’s recent multibillion-dollar acquisitions of over 700,000 acres in U.S. shale assets.

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