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Chevron is involved in every phase of natural gas development. We lease land and explore for natural gas. We conduct pilot projects to test technologies and evaluate gas shales for future projects. We drill and complete new wells. And we produce, process and distribute natural gas from shale.

Areas of Opportunity

United States

Chevron holds more than 900,000 total acres of leases in the Marcellus Shale. In the Permian region (Texas and New Mexico), Chevron holds 1.9 million net acres in the Delaware and Midland Basins.

Canada

Chevron has a 70 percent interest in 325,000 acres in the Kaybob Duvernay formation. At the Horn River and Liard shale basins, the company holds 110,000 net acres and 212,000 net acres.

Argentina

Chevron's interests include exploration and development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén Province.

South Africa

Chevron is seeking shale gas exploration opportunities in the Karoo Basin under a 2013 agreement that allows the company and its partner to work together to obtain exploration permits.

United States

Chevron holds 718,000 net acres (2,906 sq km) of leases in the Marcellus Shale, one of North America's largest and richest sources of natural gas from shale. The Marcellus runs beneath large swaths of Pennsylvania, West Virginia, eastern Ohio and New York.

The company also holds a significant position in the Utica Shale, which lies partially beneath the Marcellus.

Chevron is a leaseholder in the Antrim Shale and Collingwood/Utica Shale formations in Michigan, with production in the Antrim.

In the Permian region (Texas and New Mexico), Chevron holds 1.5 million net acres (6,070 sq km) in the Delaware and Midland Basins, where it is developing tight oil and liquids-rich gas shales.

The company also has acreage in the Piceance Basin of northwestern Colorado and in the Haynesville Shale in East Texas.

Canada

In Alberta, Chevron Canada Limited has a 70 percent interest in 228,000 net acres (923 sq km) in the liquids-rich Kaybob Duvernay formation. A 16-well appraisal program is under way. At the Horn River and Liard shale basins in British Columbia, the company holds 110,000 net acres (445 sq km) and 212,000 net acres (857 sq km, respectively. These significant resources support the planned Kitimat liquefied natural gas project.

Argentina

In Argentina, Chevron produces crude oil and natural gas through wholly owned subsidiary Chevron Argentina S.R.L. The company's interests include exploration and development of shale oil and gas resources from the Vaca Muerta formation, located in Neuquén Province.

According to the U.S. Energy Information Agency, the Neuquén Basin is emerging as the premier shale gas and shale oil development area of South America, with total recoverable hydrocarbons from the Vaca Muerta estimated to be 16.2 billion barrels of oil and 308 trillion cubic feet of natural gas.

South Africa

Chevron continues seeking shale gas exploration opportunities in the Karoo Basin under a 2013 agreement that allows the company and its partner to work together to obtain exploration permits in the 151 million-acre (611,237-sq-km) basin.

Updated: May 2015

Cautionary Statement