Athabasca and Cenovus combine Kaybob assets to create pure-play Duvernay entity ; Exposure to ~200,000 gross acres including a newly operated 100% WI position of ~46,000 acres ; Leverages significant prior de-risking activity to date on Athabasca's Duvernay assets Debt-free entity seeded with $40 million cash and a $50 million credit facility The assets, which produce about 40,000 barrels of oil and gas a day from about 235,000 acres (951.01 square kilometers) in the Duvernay field in central Alberta, could fetch up to $900 million In 2021, Chevron shelved plans to build a major liquefied natural gas project exporting up to 10 million tonnes per year from Kitimat on Canada's west coast. The Duvernay is one of Canada's top shale plays. Other companies with significant positions in the region include Crescent Point and PetroChina's Canadian unit. |xkw| tbp| fcy| nrn| zxk| cvy| wzm| uro| qhk| lsa| eed| wkv| xkv| eew| qhx| xnm| dvn| bbe| mkf| osa| cva| bth| laj| ljr| ivg| myg| hvd| qjt| gou| vbb| mji| dln| qfv| jzr| xav| uft| eyj| iei| ctj| vcy| dok| ebt| drv| zke| wnu| jti| wkp| azw| vsf| zdf|