EXCLUSIVE Chevron to sell swath of Permian assets valued at more than $1 bln -sources – Reuters

EXCLUSIVE Chevron to sell swath of Permian assets valued at more than $1 bln -sources – Reuters

June 30 (Reuters) - Chevron Corp (CVX.N) is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than $1 billion combined, three sources told Reuters.

Chevron confirmed that it is marketing conventional assets in the Permian Basin, but did not specify the value of the assets.

U.S. oil futures have soared more than 50% so far this year, prompting companies to try to sell assets in Permian Basin of Texas and New Mexico, the country's largest oil field.