Privately-Held Shale Drillers Could Create Havoc For OPEC --World Oil -- March 13, 2021

See this note from March 12, 2021: 

US Shale Could Disrupt OPEC+ Plans

Link here.

US shale could disrupt OPEC+ plans ....

However, smaller privately held oil firms are benefiting from higher oil prices as their primary way of generating cash is increased production.

This could spoil the oil management policy of the OPEC+ group again. [It's hard to believe that "smaller privately held oil firms could have that kind of effect on OPEC+.]

A reader responded to my comment about "smaller privately held firms ...."

I refer you to the 3/1/21 article on Worldoil.com to get a sense of just how significant might be the emerging impact of the "little guys" in this Shale Revolution. ("How Privately owned shale drillers are a threat to OPEC").

Some data points ...

• Double Point Energy has more rigs in the Permian than Chevron.
• Mewbourne Oil has the same number of rigs as Exxon.

These smaller operators have WAY more financial incentive to buy/operate relatively tiny 10,000/20,000 acre holdings than their bigger competitors as the Big Boys generally  need bolt on, contiguous acreage by which they can economically operate at large scale.

This approach is greatly magnified if the add ons'  hydrocarbon potential is somewhat lower than the Big Boys' present acreage.

The wider Oilfield Service industry has been aggressively cultivating this adventurous cohort of  Littly Guys so as to expand their own customer base.

These are very, very interesting times as powerful cross currents continue to affect companies - and countries - all across the world.