Chevron to Build New (Big) Regional HQ in Pittsburgh Suburb
Chevron has just stepped up its commitment to the Marcellus (and Utica) Shale region by purchasing 61 acres, including a Kmart that’s about to close, in Moon Township, PA, a suburb of Pittsburgh. Rumor has it that Chevron will build a new 350,000 square foot office complex that will house upward of 1,750 employees when it’s done. They currently employ around 650 employees in the region, housed at several locations.
Here’s the details that are known:
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Two days ago the Federal Reserve released their bi-monthly survey of regional economic trends, called “the Beige Book.” One of the stars in the current edition of the Beige Book (full copy embedded below) is the Marcellus and Utica Shale. Shale drilling is mentioned prominently for Region III (Philadelphia) and Region IV (Cleveland).