Private Producers News Today

The COVID-19 vaccine crisis is an opportune time when companies must rethink the purpose behind their existence

(Bloomberg) -- The battered and bruised U.S. 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’s now running more rigs in the Permian Basin than giant Chevron Corp. Meanwhile, family-owned Mewbourne Oil Co. has about the same number of rigs as Exxon Mobil Corp.That’s emblematic of what’s happening across the industry. Once minor pla...