Chevron recently concluded a $525 million sale of 70% interest in its East Texas gas assets.
Chevron Corporation’s CVX subsidiary, Chevron U.S.A. Inc. made the sale to an affiliate of TG Natural Resources LLC, a firm indirectly owned by Tokyo Gas Co., Ltd and Castleton Commodities International LLC. The sale includes $75 million cash and $450 million in a capital carry arrangement to finance more development of the Haynesville Basin.
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