The global integrated energy company Chevron Corp. confirmed that it has acquired a 486,000-acre claim in the Marcellus shale with the acquisition of Pittsburgh-based Atlas Energy Inc. for $4.3 billion in cash and debt.
“We look forward to welcoming the highly talented employees from Atlas Energy into the Chevron family,” said Vice Chairman George Kirkland. “The assets provide Chevron with a solid position in the prolific Marcellus Shale, located in Southwestern Pennsylvania, and complement our global position in developing unconventional gas resources.”
