TG Natural Resources to acquire a 70% stake in East Texas gas assets from Chevron for $525m.

TG Natural Resources, a natural gas supplier company, agreed to acquire a 70% stake in East Texas gas assets from Chevron, an integrated energy company, for $525m. “We are excited to partner with a world-class company like Chevron on this transaction. There is considerable operational overlap between the Chevron acreage and the legacy TGNR acreage, which will allow TGNR to realize synergies of over $170 million during the development of the asset,” Craig Jarchow, TGNR CEO.