Chevron Corporation (CVX) announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation (CHK). Terms of the agreement were not disclosed.
“This acquisition in a premier emerging play in the Permian Basin grows our ...
he Mabee K #1H well had an initial 24-hour peak natural flow rate of 1,572 barrels oil equivalent per day (BOEPD) with 77% oil content.
The correct amount for the capital expenditures is approximately $1,859,173.