Italsobought 200, 000 acresof theDuvernayshale gas formation inAlberta, Canada. Expect the buyingto continue: Chevronsaysit willboostcapitalspending 20% this year to $26 billion.
In western Canada Apache is also working with Chevron on developing the Kitimat LNG project to provide an export route for 50 billion cubic feet of gas reserves in that region.