Insight
US Upstream week in brief: Chaparral leverages drilling partnership to boost STACK development*
Report summary
Chevron bumps up next year's capital budget in the Permian to $4 billion, which equates to 60% more than the next biggest spender in the region. Elsewhere across the Lower 48, Exxon announced a plan to cut its methane emissions across its upstream assets. In the Mid Con, Chaparral teams up with Bayou City Energy on its STACK development. Additionally, appetite for Lower 48 acquisitions and partnerships intensifies amongst Middle East NOCs.
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