Chevron factory model is consistent, repeatable and fast, allowing for efficient execution and growth.
Oil & Gas Data Download
Chevron Wells Drilled Since 2023
Chevron uses multiwell pads, where we drill a series of horizontal wells in a single pad. Using hydraulic fracture stimulation, we complete several wells at the same time.
- The model helps us prioritize the most promising opportunities. This has lowered drilling costs, cut the time from start of drilling to first production and increased the number of wells that each rig drills.
- Overall, following the factory model has tripled the pace of our drilling program.
Our disciplined approach to bolstering production in the Permian Basin is propelled by our focus on lowering the carbon intensity of our operations.
In 2021, the methane intensity for our U.S. onshore production sector was 64% lower than the U.S. sector average, based on data from the U.S. Greenhouse Gas Reporting Program.
