Robert Rapier is a chemical engineer covering the energy sector. On May 22, 2023, Chevron CVX announced that it had entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE).

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That was likely a key factor in why Civitas peer PDC Energy decided to sell the Chevron and why Civitas is jumping into the Permian Basin.” Due largely to superior economics and a more-welcoming ...