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Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royaltyinterest in the assets. Tokyo Gas and CCI own an approximate 93% and 7% interest in TGNR, respectively. The transaction is anticipated to generate over $1.2
a subsidiary of Chevron Corporation, has entered into a strategic joint venture with TG Natural Resources (TGNR) through the sale of a 70% interest in its East Texas natural gas assets. The $525 million transaction includes a $75 million upfront cash payment and a $450 million capital carry to fund future Haynesville Shale development.
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