Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering
The Oil & Gas Hub
  • Main
  • News
  • Photo
  • Video
  • Oilfield Jobs
  • Learning Section
  • Oil & Gas Calculator

Chevron announces Kaybob Duvernay development program

2017.11.08
845
Chevron Canada Limited (Chevron) announced it is moving into development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta. The decision follows a successful three-year appraisal program by Chevron.

It is anticipated this initial development program will comprise approximately 55,000 acres of Chevron's operated position in the Duvernay resource in the area known as East Kaybob. The program will utilize long-term infrastructure development and service agreements with Pembina Pipeline Corporation and Keyera Corporation, with service expected to be available during the second half of 2019.

"The Duvernay formation is one of the most prospective liquids-rich shale plays in North America. Chevron Canada looks forward to realizing the value of this resource from our industry-leading position while delivering economic benefits to local communities, Alberta and Canada," said Jeff Gustavson, president, Chevron Canada Limited.

"Chevron is committed to collaborating with aboriginal peoples and local communities to build long-term, trusting and mutually beneficial relationships related to the Kaybob Duvernay development," added Gustavson.

Chevron has a net 70 percent operated interest in approximately 330,000 acres in the Duvernay formation near Fox Creek, approximately 260 km northwest of Edmonton.

Related Posts

Weekly Energy Digest - August 20th,2025
2025.08.21
533
Weekly Energy Digest - August 20th,2025
Prices were volatile but rangebound this week, as the US and China extended a pause on higher tariff…
Weekly Energy Digest - August 12th,2025
2025.08.12
1 016
Weekly Energy Digest - August 12th,2025
A bearish week for oil and gas benchmarks, amid economic and demand concerns as US tariffs took effe…
Weekly Energy Digest - August 5th,2025
2025.08.06
1 125
Weekly Energy Digest - August 5th,2025
Oil prices saw a noticeable increase for most of the week before a slight dip Thursday, amid US tari…
Weekly Energy Digest - July 29th,2025
2025.07.29
1 145
Weekly Energy Digest - July 29th,2025
Another rangebound week for oil prices, as tariff concerns were allayed after the US struck a deal w…
Market quotes are powered by TradingView.com
© Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering, 2025
ADVERTISE  | Contact Us  | Privacy Policy  
Made in studio Zuber