Chevron Takeover

Chevron swoops for US shale producer with $6.3 billion takeover

Transaction will expand US supermajor’s operations in the Permian and Denver-Julesburg basins

US supermajor Chevron has agreed to buy compatriot independent and gas producer PDC Energy for $6.3 billion in a deal that will expand the company’s operations at a pair of shale basins in the country.
The acquisition of PDC provides Chevron with high-quality assets that are expected to deliver higher returns in lower-carbon intensity basins in the US.

Chevron CEO Is Open to More Deals After $6.3 Billion PDC Tie-Up

https://www.bloomberg.com/news/arti...r-pdc-in-6-3-billion-all-stock-deal#xj4y7vzkg

Helios already has a relationship with Chevron given the seismic they undertook in collaboration with them for the 4th well so putting two and two together if this field proves itself it won't be much stretch for another deal to occur.