US supermajor Chevron has sold a 64,500-acre package of producing assets in the Permian basin to private equity-backed Sabinal Energy.
The acreage is located in Hockley, Terry and Gaines counties, Texas.
Current production from the acreage is about 7500 barrels of oil equivalent per day. A purchase price was not disclosed.
The assets lie in the central basin platform and Northern Shelf areas of West Texas.
