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

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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