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Chevron Sells 30% Stake in Canadian Shale Assets

2014-10-06 17:46:29| Oil & Gas - Topix.net

Chevron Corp said it would sell a 30 percent stake in its Duvernay shale properties in Canada to Kuwait Foreign Petroleum Exploration Co for $1.5 billion. Chevron's Canadian subsidiary has exploration leases for about 330,000 net acres in the Duvernay shale formation.

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