Chevron (CVX) in Talks to Sell Texas Gas Assets to Tokyo Gas

Chevron (CVX, Financial) is negotiating with Tokyo Gas for the sale of its natural gas assets in eastern Texas, potentially valuing the deal at up to $1 billion, according to insiders. This transaction focuses on Chevron's holdings within the Haynesville Shale field. Tokyo Gas aims to boost its access to U.S. fuel reserves, essential for Japan's energy supply given its reliance on imported fossil fuels.In December, Tokyo Gas expanded its presence in the Haynesville Basin by acquiring Rockcliff Energy for$2 ...