Chevron's Oil and Gas Properties in New Mexico and Texas Up for Sale

Chevron is looking to sell oil and gas properties in New Mexico and Texas as part of its efforts to reduce acreage following major shale acquisitions. The company has launched an auction for two parcels of land, with a combined value of approximately $100 million. Chevron has been divesting properties in the Permian Basin and is the largest publicly-traded oil and gas producer in the region. Bids for the parcels are due on July 27.