USA: Chevron Announces Completion of Atlas Energy Acquisition

Chevron Corporation today announced that its acquisition of Atlas Energy has been completed following approval by Atlas stockholders.

“We look forward to welcoming the highly talented employees from Atlas Energy into the Chevron family,” said Vice Chairman George Kirkland. “The assets provide Chevron with a solid position in the prolific Marcellus Shale, located in Southwestern Pennsylvania, and complement our global position in developing unconventional gas resources.”

Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company’s success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels.

[mappress]

Source: Chevron, February 18, 2011;