This five-year agreement covers the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.
“We are very pleased to extend our partnership with Chevron and to support their development program in North America,” said Richard Alabaster, president of TechnipFMC’s surface technologies business. “We believe that this reflects the strong collaboration we have developed with this major shale operator, based on the demonstrated value of our integrated drilling and completion offering.”
Scott D. Sheffield will retire as CEO of Pioneer Natural Resources Co. (NYSE: PXD), the company said May 19. President and COO Timothy L. Dove will succeed Sheffield as president and CEO on his retirement, which will be effective Dec. 31.
The financial terms of the Scurry County transaction were not disclosed.
The new development project will transport gas from acreage being produced by Cabot Oil & Gas Corp.