6 North American Exploration Chevron

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Business Drivers Why Marcellus?

  Most attractive shale gas play in North America –  Proximity to premier market –  Low cost of finding and developing –  Strong well performance

  Little to no reservoir risk in well-defined trend   Technical challenges solved   Desire a significant position in the “Game-Changer”

© 2011 Chevron U.S.A. Inc.

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