Tag: West Texas Crud

Chevron Bets on West Texas

Chevron Bets Big on West Texas to Triple Oil Production

Despite a soft, global oil market, Chevron Corporation (NYSE: CVX) recently announced an aggressive plan to shift resources to West Texas and eastern New Mexico from other regions in a bid to triple daily crude output by 2020. The increased exploration activities improve chances for active rig counts to increase in the years ahead.