Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. The basin is a vast oil and gas region spanning parts of west Texas and southeastern New Mexico.
Chevron U.S.A. Inc., through its Chevron New Energies division, and Restore the Earth Foundation, Inc. announced agreement for a reforestation project for up to 8,800 acres of property in St. Charles Parish, Louisiana.
The project, known as the Hayhurst New Mexico Solar project, is expected to include 55,000 solar panels, which will generate 20 megawatts of energy to serve Chevron’s electrical load needs in the Permian Basin.
Chevron, the second-largest Western oil major projects higher oil & gas prices
Chevron to evaluate opportunities for carbon dioxide capture, utilization, and storage from their respective business operations in the US Midcontinent and Gulf Coast
Oil major Chevron Corp is postponing the full return of employees to its headquarters in San Ramon, California, and its largest office in Houston due to the rapid spread of the Delta variant of the coronavirus
