After Exxon and Shell, Chevron has become the latest oil major to jump on the Marcellus shale bandwagon.
Its $4.3bn deal to buy Atlas Energy will give it access to 9,000bn cubic feet of natural gas and 486,000 acres of Marcellus shale.
George Kirkland, Chevron’s vice chairman, said:
The Atlas Energy assets further advance Chevron’s global shale gas position, complementing the company’s recent entrance into shale gas opportunities in Poland, Romania and Canada
