In the Midland and Delaware basins, horizontal drilling and multistage hydraulic fracturing yield considerable incremental potential. In the Central Basin Platform, we are maintaining production of these conventional resources through well workovers, artificial-lift techniques, facility and equipment ...
Three years ago, we had zero in the DJ Basin. And so very pleased with it. We're big there. We're the biggest operator there. If the question was are you going to acquire some additional positions there? I wouldn't say that's high on the priority list. The real key is to drive...
Three years ago, we had zero in the DJ Basin. And so very pleased with it. We're big there. We're the biggest operator there. If the question was are you going to acquire some additional positions there? I wouldn't say that's high on the priority list. The real key is to drive...
Drilling down into Chevron's 2025 plan Chevron recently revealed its 2025 capital spending plans. The oil giant expects organic capital expenditures to be between $14.5 billion and $15.5 billion. In addition, it anticipates capital spending at its affiliates to be in the range of $1.7 ...
Production is at record levels and growing in line with guidance with our royalty position, providing a distinct financial advantage for our shareholders. At TCO, the drilling program is complete, and the final metering station is online. We expect to complete construction by year-end with remaini...
Michael K. Wirth—Chairman of the Board and Chief Executive Officer Yeah, thanks, Devin. And Pierre tried to show a little more detail including breaking out co-op, NOJV and royalty talking about drilling activity and feet drilled, et cetera. So glad that that was helpful. First quarter pe...
In 2024, execution efficiencies led to strong well and base business performance, helping us achieve another record for Permian production. Over the last five years, we've delivered compound annual growth of 16% while continuing to capture efficiencies. Through optimized pad and drilling designs, an...
Yeah, thanks, Doug. It is really timing. I mean, first quarter is normally a little light. Winter Storm Uri, obviously, you’re not drilling wells when you’re shutting in production and dealing with the challenges of that extraordinary winter event. And then there is just timing of some...