If historical slide last week in global crude prices has slowed - what appeared to be the case Monday - do not seek of him never active Chevron limit its geographic spread and the frantic pace of operational.
Last week, the second American integrated oil and gas - companies behind only ExxonMobil Corporation (NYSE: XOM - News)-continues to expand its presence in the portion of Pennsylvania of the Marcellus shale, which spreads across a large part of North-East of the United States with the acquisition of 228,000 acres of Chief Oil & Gas and tug Hill Inc.Dallas-basedFort Worth investment, the company added the 622,000 acres in Pennsylvania he recently earned through its purchase of February of the energy of the Atlas.
While the terms of its most recent purchase were not disclosed, Chevron will probably ante up to approximately $ 1.6 billion for the area, or within striking distance of half of the amount paid for that the Atlas. However, Chevron is still lagging behind Exxon, who last June paid $ 41 billion (including debt) leader of the unconventional gas XTO Energy, a transaction which instantly catapulted the largest Member of Big Oil in leadership among gas producers to the United States.
At the same time, Chevron continues to maintain a global directory of activities high level oil and gas. For example, it is the leader - with Exxon and Royal dutch shell (NYSE: RDS - B - News)-in the development of LNG in the massive Gorgon of the Australia project. He also wished to spend 4 billion, with Statoil (NYSE: STO - News), on its Big Foot project in the Gulf of Mexico in deep water. In addition, it was another budgeted $ 7.5 billion for its Jack and St. Malo fields in the Gulf.
The company has an enviable position in Saudi Arabia, where it is the only major energy involved with Saudi Aramco in the upstream international company. He is also active in a number of other sites, the South China Sea in Nigeria, where its land and its activities in deep water are spending about 3 billion dollars a year.
But, referring to the Marcellus, a Chesapeake leakage (NYSE: CHK - News) Although gas last month resulted in the evacuation of families living near the incident as a rash in a well belonged to LGEC propertiesclosed capital. At this stage, we can only speculate on how the continuation of these accidents can affect the rhythm of drilling in the Marcellus.
All recent transactions for Chevron have not been on the side of buying it. Monday, as valve his coal company, it filled with mineral leases, involving the production of metallurgical coal Alabama with Walter energy (NYSE: WLT - News), with purchase of Walter of the River North of Chevron steam and mining of coal in the counties of Fayette and Tuscaloosa State.
For my money, Chevron is a well managed member and compelling of Big Oil, which - in view of its range of activities - deserves the attention of crazy with an appetite for energy. Click here to add Chevron to a list of free monitoring on Fool.com and follow all of our updates at this giant oil and gas.
Chevron and Statoil are Motley Fool income investor peaks. The mad is owner of the shares of Exxon Mobil Alpha Newsletter account, LLC is the owner of the shares of Chesapeake Energy. Try our services Foolish newsletter free of charge for 30 days. Us Fools can not all hold the same views, but we believe that treat a wide range of ideas makes us better investors. Fool contributor policy disclosure.
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