permian basin
As of 2021, the Permian Basin is the second-largest shale gas producing region in the United States.
at a glance
chevron net acres in the Permian Basin
~2.1MM
crude oil net barrels daily average production from Chevron in 2023
359K
daily average of unconventional natural gas production from Chevron in 2023
1,318MM
technology helps unlock permian basin potential
Advancements like horizontal drilling and hydraulic fracturing helped transform production in the region. These techniques turned the Permian Basin into one of the world's most prolific sites.
economic development in the permian basin
As part of Permian Basin communities for almost 100 years, Chevron helps contribute to economic development in the region.
amount of New Mexico’s state budget paid by oil and gas industry
>1/3
amount paid by Texas oil and gas industry in taxes and royalties in 2023
$26.3bil
in the community
social investment in the permian basin
Throughout Chevron’s operations, social investments are integral to our business approach. Our primary focus is improving the quality of education in science, technology, engineering and math (STEM) along with promoting economic growth. Here are some examples:
supporting a path out of poverty
Chevron supports the Take 2 program, which helps provide job training to low-income residents of Midland and Odessa, Texas. The program is seeking to help residents bridge the gap to connect and to help them gain employment in higher-paying areas such as truck driving and nursing.
training technicians for the future
Since 2016, Chevron has supported the automation and process control technology program at Odessa College. Chevron provides subject-matter expertise to develop the curriculum, recognizing that the work in our industry is evolving and will continue to do so. Ongoing support through the advisory committee ensures that the curriculum remains aligned with industry advancements, fostering continuous growth and adaptation. Investing in these workforce programs at Odessa College helps develop innovators of tomorrow.
take a deeper dive
newsroom
permian basin in the news
May 31, 2024
partnership aims to conserve pecos river
read article
February 09, 2024
innovation fuels lower carbon, record production
read article
November 28, 2023
permian basin offers lessons on reducing methane emissions
read article
July 15, 2022
Permian basin operations to tap into more recycled water
read article