After the oil and gas industry began using hydraulic fracturing in shale plays, it took less than 20 years for the U.S. to go from a net importer of oil to a net exporter of oil. So what’s about this New oil and gas extraction?
“Without hydraulic fracturing, we would not be energy independent right now in the U.S.,” said Jeff Newhook, a general manager of drilling and completions engineering supporting Chevron’s Permian Basin operations.
Now, Chevron is employing an evolution of the technique to hydraulically fracture three wells at once, called triple-frac. In 2024, the company began taking this approach in the Permian Basin. That year, it completed approximately 25 percent of its wells this way.
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Source: Permian Proud
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