Chevron Corp. said it has reached agreements to acquire two adjoining parcels of land totaling 61 acres in Moon Township in the Pittsburgh metropolitan area as a potential site for its regional headquarters office campus.
The California-based producer announced the deal days after Sears Holding Corp. said it would be closing a Kmart store on the property in the next few months. No terms were revealed. It was further reported that a final decision on the use of the properties would be made later this year.
"Chevron is pleased to have been offered the opportunity to acquire this land, which provides us with a potential location as we continue to evaluate our options for a regional headquarters facility," said Bruce Niemeyer, vice president of Chevron's Appalachian/Michigan business unit. "We are committed to this community, to contributing to a vibrant regional economy, and to producing energy supplies that will fuel this region and our nation for generations."
Chevron currently employs approximately 650 people in Pennsylvania, with nearly 400 located in two separate office buildings in Moon Township. The company is one of the largest natural gas producers in the region and has been active in the Marcellus since acquiring Atlas Energy in February 2011. It has prominent positions in both the Marcellus and Utica plays in Pennsylvania, West Virginia and Ohio.
The announcement makes Chevron the first major worldwide driller to build a campus in the Pittsburgh metropolitan area. Most of the oil and gas companies that have set up eastern outposts have located just south of the city in the Canonsburg area of Washington County.
Chevron has been searching the region for a possible regional headquarter site for at least a year. It now leases space in two buildings in Moon, including one in the Cherrington office park. In addition to the Kmart site, Chevron said it is acquiring a 43-acre parcel of land behind it known as Marketplace Landing, owned by Roy F. Johns Jr. Associates. Both sites are situated on a bluff above the Parkway West in the northwest part of the metropolitan area. The Pittsburgh International Airport is about five miles away.