Private shale drillers threaten to turn tables on Opec’s output strategy

Houston/New York — The battered and bruised US shale industry is finding a resurgence in one of the most unlikely places: private operators most investors have never heard of.

Take the case of little-known, closely held DoublePoint Energy. It is now running more rigs in the Permian Basin than giant Chevron. Meanwhile, family-owned Mewbourne Oil has about the same number of rigs as ExxonMobil. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.