Small shale companies under pressure, says Fed official | Financial Times

Small shale companies under pressure, says Fed official | Financial Times:

Independent shale drillers in the US are facing pressure to either expand or be acquired, Robert Kaplan, president of the Federal Reserve Bank of Dallas, has said. 


Despite the classic “wildcatting” image of plucky entrepreneurs trying their luck, smaller, independent drillers are losing access to capital and hearing complaints from shareholders, he said in an interview with the Financial Times.

Mr Kaplan’s comments come less than two weeks after Occidental Petroleum agreed to acquire rival Anadarko Petroleum, one of the largest US independent oil and gas groups, for $56bn.