Chevron Expands Triple-Frac to Half of Its Permian Wells

Chevron Expands Triple-Frac to Half of Its Permian Wells

Chevron will boost the so-called triple fracs — fracturing three wells with one frac spread at one time — to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the world’s top shale basin. Chevron plans to use triple-frac on between 50% and 60% of its wells in the Permian, up from 20% of wells “triple-fracked” last year, Jeff Newhook, a completions operati…

Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time

By Sheila Dang -HOUSTON | REUTERS—U.S. oil major Chevron told Reuters that it plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a time in the Permian basin in an effort to cut the time and cost of producing oil. Chevron’s expansion of the technique, known as triple-frac, comes as the second-largest U.S. oil producer expects to continue growing output in the Permian, the biggest U.S. oilfield,…

Chevron expands triple-frac to half of its Permian wells – Oil & Gas 360

(Oil Price) – Chevron will boost the so-called triple fracs — fracturing three wells with one frac spread at one time — to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the world’s top shale basin. Chevron plans to use triple-frac on between 50% and 60% of its wells in the Permian, up from 20% of wells “triple-fracked” last year, Jeff Newhook, a comple

Chevron to 'triple-frac' half of Permian oil wells in 2025 to cut costs, time

Chevron's expansion of the technique, known as triple-frac, comes as the second-largest U.S. oil producer expects to continue growing output in the Permian, the biggest U.S. oilfield, even as it begins to slow spending in the basin.

Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time - Energy News, Top Headlines, Commentaries, Features & Events

*Chevron’s triple-frac cuts well completion time by 25% *Technique reduces costs per well by 12% *Triple-frac requires 60% more water and sand per day By Sheila Dang2 HOUSTON, April 9 – U.S. oil major Chevron plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a ...