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DewDiligence

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DewDiligence

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Re: DewDiligence post# 22587

Tuesday, 10/27/2020 7:21:26 PM

Tuesday, October 27, 2020 7:21:26 PM

Post# of 30502
CVX sells Appalachian Basin upstream/midstream assets to EQT for $735M:

https://finance.yahoo.com/news/eqt-announces-acquisition-chevrons-appalachia-200500303.html


• Current net production of approximately 450 MMcfe per day; 75% gas / 25% liquids
• Approximately 100 work-in-progress wells
• Approximately 125,000 core net Marcellus acres; 335,000 total net Marcellus acres
• 31% ownership interest in Laurel Mountain Midstream
• Two water systems and associated infrastructure located in PA and WV

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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