8/5/2013

Chevron Canada will purchase 67,900 net acres in the Duvernay shale formation in Canada from Alta Energy Luxembourg SARL and affiliates. The transaction increases Chevron's exploratory lease holdings in the site to more than 250,000 acres. "To date, we have been encouraged by the reservoir data and production performance from our exploration drilling program on our Kaybob Duvernay leases. We are pleased to add to our acreage in this play as we advance our program to evaluate the potential for full-field commercial development," said Jeff Lehrmann, president of Chevron Canada.

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