• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 10 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 15 hours Reality catching up with EV forecasts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 days US Oil Independence is a myth and will always be a myth
  • 2 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 8 days The Federal Reserve and Money...Aspects which are not widely known
  • 17 days Natural gas price to spike when USA is out of the market
  • 13 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 15 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 16 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

A Rising Star In U.S. Shale?

They say that success is easy: All one needs to do is find something that works, and then do it – over and over again.

Early last year, I recommended Silver Run Acquisitions, a special purpose acquisition company (SPAC) put together by EOG Resources ex-CEO Mark Papa, one of the ‘movie stars’ of shale oil production here in the United States. I liked Mark Papa’s approach to building EOG, and the unbelievable success that his company has had in finding, accessing and managing some of the best acreage in the Eagle Ford and Permian basins. He was on the top of everyone’s list for smart and successful shale CEO’s. More than that, since leaving EOG, Papa had had several interviews that proved to me he was not just a mindless cheerleader for shale like some other ‘star’ CEO’s. He spoke about many of the difficulties in shale development going forward and foresaw the glut and oil’s price decline.

There were further incentives to latching on to Silver Run early in its life: The structure of the SPAC vehicle, with its ‘blank check’ flexibility and zero debt, positioned them perfectly to take advantage of the coming bust and deleveraging of assets that was part of shale reorganization in 2016. Papa used these advantages, ultimately throwing his entire bankroll at Centennial Resources (CDEV), a leveraged player in the hot Permian, becoming the CEO of that company in the process. For both entities, it was…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News