December 2010 Vol. 237 No. 12

In The News

Chevron Acquiring Atlas Energy For $4.3 Billion

Chevron will acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of $1.1 billion in a deal that will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania’s Marcellus Shale. “The Atlas Energy assets further advance Chevron’s global shale gas position, complementing the company’s recent entrance into shale gas opportunities in Poland, Romania and Canada,” said George L. Kirkland, Chevron Vice Chairman. “We are acquiring a company that has one of the premier acreage positions in the prolific Marcellus. The high quality resource, competitive cost structure in the

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