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Chevron Invests in Cooper Basin Shale Gas in Australia


Industry Segment: Production | Word Count: 279 Words

PERTH, AUSTRALIA--March 6, 2013--Researched by Industrial Info Resources (Perth, Australia)--Beach Energy (ASX:BPT) (Adelaide, South Australia) will transfer up to 60% of two Cooper Basin permits to Chevron Exploration Australia, a division of Chevron Corporation (NYSE:CVX) (San Ramon, California). Beach Energy could earn as much as $349 million from the deal in a staged development.

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