Following recent shale asset acquisitions in Poland, Romania, and Canada, Chevron Corp. has made a large grab at the North American shale industry, particularly the gas-rich Marcellus shale.
The current preoccupation with deepwater development risks and uncertainties has an interesting parallel to the global preoccupation with emerging risks in the broader world economy.
Two of the larger deals from mid-October to mid-November were the Chevron Corp. acquisition of Atlas Energy for $4.3 billion ($3.2 billion in cash and the assumption of about $1.1 billion in debt) and Newfield Exploration's purchase and sale agreement with EOG Resources in which Newfield acquired about 50,000 net acres in the Marcellus Shale in a transaction valued at roughly $405 million.
Siemens Financial Services Inc. (SFS Inc.), the US unit of Siemens Financial Services, has appointed Scott Lamoreaux as vice president, Energy Finance.
If you go downtown to the business district, the theatre district, you can see it is well kept...handsome buildings, lots of theatres, plays, musicals, arts, along well-kept streets.
Antero Resources has closed the previously announced sale of its midstream assets, located in the Woodford Shale area of the Arkoma Basin, to Cardinal Midstream LLC for $270 million.
Chevron's announcement last month that it is acquiring Atlas Energy, a large acreage holder in Pennsylvania's gas-rich Marcellus shale play for $4.3 billion, is another sign that the long-term outlook for natural gas is positive.
