Despite some large public independents and supermajors active in major U.S. shale plays taking more measured steps with focus on capital growth and dividends, privates are barreling ahead as oil prices rise. They’re not just in the Permian Basin either, according to Rystad Energy.

Private producers accounted for nearly half of the nation’s horizontal rig count in May, Artem Abramov, head of shale research for Rystad, said on a recent webinar.

“And they’re still adding rigs,” Abramov said.

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