2028 and Royalty Interest - Energy Aggregated

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2028

Royalty Interest

Chevron sells 70% stake in Haynesville shale assets to Tokyo Gas for $525 million

Oil & Gas 360º

APRIL 2, 2025

Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest 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

Royalty Interest

Royalty Interest Gas Royalty Operator

Chevron Forms $525M Haynesville JV with TG Natural Resources

Oil Gas Leads

APRIL 1, 2025

Chevron will retain a 30% non-operated working interest along with an overriding royalty interest, maintaining upside exposure while reducing capital commitment. Chevron expects to generate over $1.2 The Haynesville acreage, largely undrilled, provides development flexibility and minimizes well interference.

Royalty Interest

Royalty Interest Royalty Gas Natural Gas

Chevron sells 70% stake in Haynesville shale assets to Tokyo Gas for $525 million

Chevron Forms $525M Haynesville JV with TG Natural Resources

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