Luquette

"If we can get clarity, the industry will meet it," Luquette said.

As offshore drilling moratorium nears an end, questions about what's next Juliet Eilperin 2010

"Assuming that we can confirm we have commercial quantities in the Moccasin well, it will likely be co-developed with the Buckskin, which will put it on a little faster track than if it was a stand-alone asset," Mr. Luquette said.

Chevron Makes Gulf Of Mexico Discovery Isabel Ordonez 2011

"We are taking this step because the price is good and the assets are very complementary with the Atlas acquisition we made," Gary Luquette , Chevron's president for North American exploration and production, said in an interview.

Chevron Expands in Marcellus Shale Isabel Ordonez 2011

Even Luquette acknowledged that the spill dealt a setback to hopes of opening new areas for exploration off Alaska or off the East Coast.

As offshore drilling moratorium nears an end, questions about what's next Juliet Eilperin 2010

Luquette, who is also chairman of the American Petroleum Institute's upstream committee, has been making suggestions to Bromwich and other administration officials.

As offshore drilling moratorium nears an end, questions about what's next Juliet Eilperin 2010

The purchase of additional Marcellus Shale acreage shows Chevron feels "comfortable" with its ability to meet any new regulations aimed at governing natural-gas drilling and protecting drinking-water supplies in the U.S., Mr. Luquette said.

Chevron Expands in Marcellus Shale Isabel Ordonez 2011

Chevron expects natural-gas prices to rebound in the second half of the decade due to rising global demand, Mr. Luquette said.

Chevron Expands in Marcellus Shale Isabel Ordonez 2011

"This is a very, very mature basin, but our objective is to sustain production with new investment," Gary Luquette , Chevron's head of exploration and production for the U.S. and Canada, said an interview.

Chevron Rekindles Old Texas Flame Isabel Ordonez 2011

"It's very important that they feel a sense of belonging, and that they don't need to worry about whether they have a job or not," said Mr. Luquette, who was flying to Pennsylvania this week to welcome the workers.

Chevron Expands in Marcellus Shale Isabel Ordonez 2011

"I'm confident that the moratorium will be lifted," said Gary Luquette, Chevron's president of North American exploration and production.

As offshore drilling moratorium nears an end, questions about what's next Juliet Eilperin 2010