Early horizontal development of the Permian was dominated by large and mid-sized
independent E&P companies, following a similar pattern to other shale plays across
the US. But as the industry moves toward large-scale drilling projects and jostles for
pipeline capacity to ensure profitability, supermajors are using their larger
scale, integrated operations
and superior spending power
to take the lead in Permian development.
Chevron reported its highest production ever in Q3, increasing 9% YOY to 2.96
MMboe/d largely as a result of ramping......
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