The Chevron Corp. Permian Trove Is Changing U.S. Shale

A pumpjack operating on an oil well as wind turbines stand in the Permian Basin near Crane, Texas, U.S., on Friday, March 2, 2018. Chevron, the world's third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Its expansion will further bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. Photographer: Daniel Acker/Bloomberg via Getty Images
A pumpjack operating on an oil well as wind turbines stand in the Permian Basin near Crane, Texas, U.S., on Friday, March 2, 2018. Chevron, the world's third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Its expansion will further bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. Photographer: Daniel Acker/Bloomberg via Getty Images
The Chevron Corp. Permian Trove Is Changing U.S. Shale
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Bloomberg / Contributor
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929798404
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Bloomberg
Date created:
02 March, 2018
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CHEVRON PERMIAN
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