Chevron plans to increase the use of triple-frac technique in three wells at a time in the Permian basin to cut production costs and time, aiming to grow output in the largest US oilfield while slowing spending. The company began using triple-frac in March last year and expects to implement it in 50-60% of wells this year, resulting in a 12% cost reduction per well. This strategy allows for quicker completion of wells, giving Chevron a competitive advantage in shale fields where production declines rapidly over time.
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Zelenskyy rejects Trump land swap proposal for Ukraine
Ukrainian President Volodymyr Zelenskyy rejected President Trump’s proposal for a land swap involving Russian-occupied territories ahead of Trump's upcoming meeting with Vladimir Putin in Alaska. The situation underscores ongoing geopolitical tensions as the conflict in Ukraine remains unresolved. Want More Context? 🔎
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