Chevron (CVX) reports two new gas discoveries off the coast of western Australia, expanding its...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX) reports two new gas discoveries off the coast of western Australia, expanding its gas portfolio in the country to 19 discoveries in three years. CVX says the Pinhoe-1 well encountered ~197 ft. of net gas pay in the Barrow and Mungaroo Sands, while the Arnhem-1 well confirmed ~149 ft. of net gas pay in the upper Mungaroo Sands.