Will Chevron Dump its M-U Assets to Chase Permian Black Gold?

A week ago MDN brought you the news that Chevron has cut a $50 billion deal to buy Anadarko Petroleum (see Permian Love Story: Chevron Buying Anadarko in $50B Megamerger). Although Chevron will benefit in a number of ways from the transaction, as we indicated in the headline, the primary motivator is to gain valuable acreage in the oily Permian Basin of West Texas. The question now becomes, will Chevron hold on to its Marcellus/Utica assets? Or sell them in order to concentrate on the Permian?

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