Chevron sells 70% stake in East Texas assets to another Houston-based company
Houston-based Chevron Corp. (NYSE: CVX) has sold a 70% stake in its East Texas gas assets for half a billion dollars. TG Natural Resources LLC, also based in Houston, bought the majority stake for $525 million. The company paid $75 million in cash and $450 million as a capital carry to fund development in the Haynesville Shale.
TG Natural Resources Acquires Majority Stake in Chevron’s East Texas Gas Assets, Strengthening Leadership in the Haynesville Play
TG Natural Resources LLC ("TGNR"), a company indirectly owned by Tokyo Gas Co., Ltd. ("Tokyo Gas") and Castleton Commodities International LLC ("CCI"), announced that it has closed on a transaction to acquire a 70% interest in the East Texas gas assets of Chevron U.
10h
Four companies have pulled their natural gas power plant projects from consideration from the $5 billion Texas Energy Fund ...
The most influential advocates for decarbonization efforts—like carbon capture or hydrogen—may be energy executives.
is seeking state approval for an "interim rate adjustment" for its natural gas services in the Houston and Beaumont areas along the Gulf Coast. The company said in a Feb. 18 filing with the ...
10hon MSNOpinion
Electric companies are dropping out of taxpayer-funded Texas Energy Fund, more will follow if GOP power bills pass.
U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana's Haynesville shale basin, ...
During the 2021 winter storm, natural gas and other energy companies made an estimated $11 billion in added profits. The goal of the CirclesX lawsuit is to get those companies to pay back some of that ...
ABC13 Houston on MSN5d
CenterPoint Energy's electricity rate increase request denied by Houston leadersThe company asked for a revenue requirement increase of $122.6 million, which would have resulted in a $2.22 increase in ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback