Bloomberg reports that Chevron has been seeking to sell some pipeline and terminal assets in Texas and Louisiana that could draw as much as $1 billion overall. Sources say Chevron wants to sell the West Texas LPG Pipeline — which it owns in partnership with Atlas Pipeline Partners — along with a crude oil terminal near the Gulf of Mexico, a gas storage facility in West Texas and at least one pipeline in Louisiana.
Company officials have said in recent months Chevron is looking to shed some assets in order to focus on oil and gas production abroad. Chevron sold its Northwest Product Pipeline and Terminal System to Tesoro Logistics last June for $355 million.
