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Chevron to acquire shale producer PDC Energy

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Chevron to acquire shale producer PDC Energy

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Natural Gas News
Chevron to acquire shale producer PDC Energy

Summary

Acquisition will boost Chevron's position in the DJ Basin by 84%. [Image: Chevron] by: Dale Lunan

US major Chevron said May 22 it had reached a definitive agreement to acquire shale producer PDC Energy in a stock and debt deal worth an estimated $7.6bn. Based on Chevr...

Related Knowledge Center: ENERGY BASICS: nuclear

State of Play

Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.

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