Chevron is a major shale oil and gas producer in the Americas
Chevron holds approximately 423,000 net acres (1,712 sq km) in the Marcellus
Shale, one of North America’s largest and richest sources of natural gas from
shale. Our interest in the Marcellus runs beneath large swaths of Pennsylvania,
West Virginia and eastern Ohio.
The company also holds a significant position in the Utica Shale, which lies
partially beneath the Marcellus.
In the Permian
region (Texas and New Mexico), Chevron holds approximately 1.7
million net acres (6,880 sq km) in the Delaware and Midland basins, where it is
developing tight oil and liquids-rich gas shales.
The company also holds shale and tight resource opportunities elsewhere in the
midcontinent region, primarily in East Texas and in the Piceance Basin in
northwestern Colorado.
In Alberta, Chevron Canada Limited has a 70 percent operated interest in
approximately 228,000 net acres (923 sq km) in the liquids-rich Duvernay
shale formation, where an extensive appraisal program is underway. At the Horn
River and Liard shale basins in British Columbia, the company holds a 50 percent
operated interest in 290,000 net acres (1,174 sq km). These significant
resources support the proposed Kitimat liquefied natural gas project.
In Argentina, Chevron produces crude oil and natural gas through its wholly
owned subsidiary Chevron Argentina S.R.L. The company’s interests include
exploration for and development of shale oil and gas resources from the Vaca
Muerta formation, located in Neuquén province. Chevron Argentina S.R.L. holds an
85 percent-owned and operated interest in one concession, covering 94,000 net
acres (380 sq km), that has both conventional production and Vaca Muerta Shale
potential. Also in the Vaca Muerta shale formation, another Chevron subsidiary
participates in the Loma Campana concession and the Narambuena blocks, covering
73,000 net acres (295 sq km).