Chevron Wetlands Mitigation Bank 
Receives Final Approval

NEW ORLEANS, LA (11/30/05) -- Chevron North America Exploration and Production Company has received the final approvals for their Paradis Mitigation Bank. The 7,100 acre wetland mitigation project is located in St. Charles Parish, approximately 23 miles southwest of New Orleans. The Paradis Mitigation Bank was designed by a team of wetland ecologists, soils experts and a Mitigation Bank Review Team (MBRT) from the New Orleans District U.S. Corps of Engineers, U.S. Fish and Wildlife Service, Louisiana Department of Wildlife and Fisheries and the Environmental Protection Agency.

The property had formerly been used for the production of oil and gas. The goal of this perpetual mitigation bank project is to create a large, contiguous area of forested wetland habitat interspersed with existing ponds. Selected existing forested and nonforested wetlands will be enhanced, while also creating new wetlands from existing uplands within the Paradis Mitigation Bank. This goal will be accomplished by carefully planning wetland development through the natural topography, soils, vegetation and attenuation of storm water runoff.

Presently, this is the largest mitigation bank in the state of Louisiana. The Paradis Mitigation Bank will allow for the mitigation of freshwater forested wetlands including cypress swamps and bottomland hardwood habitats. The bank will serve the Alluvial Valley of the Mississippi River. Setting this property aside for the preservation of wetland habitat demonstrates Chevron's continued commitment to protecting the environment.