Chevron announces sale of majority interest in its east texas gas assets

Houston--(business wire)--chevron u.s.a. inc., a subsidiary of chevron corporation (“chevron”) (nyse: cvx), announced that it has closed on a transaction to sell a 70% interest in its east texas gas assets to an affiliate of tg natural resources llc (“tgnr”), a company indirectly owned by tokyo gas co., ltd. (“tokyo gas”) and castleton commodities international llc (“cci”), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund haynesville development. chevr.
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