Houston. 972 square miles is the size of a shale-gas field that Chevron is acquiring in its $3.58 billion purchase of Pennsylvania's Atlas Energy this week. The shale formation - sedimentary rock that contains natural gas - is about the size of San Francisco and San Mateo counties combined. The deal is San Ramon-based Chevron's first foray into shale deposits, which energy companies are tapping to reduce their dependence on foreign oil. Even amid a legal battle over pollution in Ecuador, Chevron's stock has climbed more than 30 percent in the past year - lifted by rising oil prices.
Posted by Ordons News Team, write to editors@ordons.com
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