Chevron use 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.
Chevron factory approach to the Permian
Chevron factory model approach to development in the Permian
Chevron has a long history in the Permian Basin. Through our legacy companies, we’ve been active in the Permian since the early 1920s. Thanks to that history, new technology and the ingenuity of Chevron employees, Chevron’s Permian assets continue to be a growth engine for the company and well performance continues to improve. Meanwhile, Chevron is developing the Permian with respect for its environment and communities.
Chevron announces its first solar-to-hydrogen production project in california’s central valley
Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5-megawatt hydrogen production project in California’s Central Valley.
Chevron is targeting 1 million b/d from the Permian basin by 2025
Chairman and chief executive officer Mike Wirth and his team are forecasting that California-based Chevron will exit this year with Permian production of about 900,000 boe/d, a figure projected to grow to 1 million boe/d in 2025. Driving that “strong momentum,” they said, is work to build the company’s inventory of drilled-but-uncompleted (DUC) wells and the planned addition of a fourth fracturing crew to go with its 12 rigs in the basin.
Chevron beats U.S. Permian production estimates, signals upside
Chevron delivered a record 867,000 barrels per day (bpd) in the fourth quarter and, after a first-half dip in output, aims to pump about 900,000 bpd by year-end and reach 1 million bpd by 2025.
After Nearly $70 Billion in Acquisitions, What’s Next for Chevron?
Chevron 2024 plan related to oil & gas
Chevron announces buy of Hess for $53 billion in new oil megadeal
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023.
Chevron acquires majority interest in world’s largest hydrogen storage project in Utah
Chevron U.S.A. Inc., through its Chevron New Energies division, has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC
Vaquero Midstream buys Chevron assets in ECTOR & ANDREWS Counties
Vaquero Midstream is an independent, large-scale rich gas gathering and processing business that traverses the core of the Southern Delaware Basin buys facilities from Chevron
Chevron Q2 2023 Results
Chevrom generated revenues of $48.9 billion in Q2 2023. Chevron’s oil and gas production in the Permian Basin, the top U.S. shale field, hit 772,000 barrels a day.
