In Permian Basin, Chevron aims to build a “well factory”

Chevron Corp.’s sprawling portfolio includes massive deep-water platforms, multibillion-dollar gas facilities and footholds in dozens of countries. But in a conference call on Friday, executives made it clear Chevron’s future has become closely tied to a single region: the prolific Permian Basin, where the company spends $1.5 billion annually and expects to increase investments in …
Source: FuelFix