Chevron Corporation (NYSE:CVX) has tested a propane agent for oil and gas separation from shale wells in Colorado.
As a part of the move to reduce the large amounts of water used to extract oil and natural gas, Chevron Corporation (NYSE:CVX) has tested propane as an agent for hydraulic fracturing of various shale gas wells in Colorado.
Chevron Corporation (NYSE:CVX) spokesman Russell Johnson said in an email, “This fall, Chevron tested the use of liquefied petroleum gas (LPG) as a fracturing agent in five natural gas wells in its Piceance Basin development in northwestern Colorado. We are now evaluating the test results to determine the potential usefulness of the technique.”
Chevron Corp. (NYSE:CVX) shares are currently standing at 96.42.
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