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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (200095)	12/13/2019 12:35:43 AM
From: Elroy Jetson	Respond to of 206334

Chevron Corp. is seeking a buyer for its Appalachian natural gas operations in the Marcellus and Utica shale formations. This sale is the result of continued low gas prices coupled with royalty and other costs which far exceed those in the Permian Basin in Texas. Nine years ago, Chevron spent three months worth of profits buying Atlas Energy and their Appalachian assets. A Chevron spokeswoman confirmed to the Business Times the announcement means marketing the assets for sale. - bizjournals.com - Dec 10 2019 Chevron has a headcount of about 400 in the region, 300 of whom work at the regional headquarters near the Pittsburgh Airport. Chevron will 'review' staffing levels in Pittsburgh over the next several months. Traditionally Chevron tries to find jobs for employees at other locations within the company. . The Cohen family which formerly owned much of Atlas invested their proceeds from Atlas in "Falcon Minerals" trading as FLMN, which holds mineral rights in the Eagle-Ford shale formation in Texas which they purchased from Blackstone Energy Partners. The Cohens sold their remaining Marcellus / Utica mineral rights in 2017.