Only a handful of Noble Eagle Ford employees were offered a Chervon position. Many are concerned Chevron will sell these assets. Anyone heard anything?
The size of asset does not fit CVX portfolio, so there are two possible options that may happen either in short or mid term:
- Divest asset if the prices creep up and stay there
- Aquire complementary bolt on asset if it makes real money (less likely to happen this year)
If there is limited investment going into developing the asset option 1 is more likely to happen sooner.