Chevron to Buy Natural Gas Company, Atlas Energy (Not a Bakken Story)

Chevron to acquire Atlas Energy, the largest natural gas company in the Marcellus. This is the third largest acquisition for Chevron in its history. It's also one of the top acquisition stories, regardless of sector, in 2010.

I still think the "big boys" know something about natural gas; there's just too much activity in a product that is priced this low and supply outstrips demand. Something's going on. 

Remember, Chesapeake recently said there would be no new big oil or gas fields to be discovered in the US. Maybe we're starting to see the majors getting interested in the existing fields (XOM bought XTO this past summer, closed July 25, 2010).