• 3 minutes Natural gas is crushing wind and solar power
  • 6 minutes OPEC and Russia could discuss emergency cuts
  • 8 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 11 minutes Question: Why are oil futures so low through 2020?
  • 13 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 19 mins Oil and gas producers fire back at Democratic presidential candidates.
  • 6 hours So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 10 hours Peak Shale Will Send Oil Prices Sky High
  • 56 mins "Criticism of migration will become a criminal offense.  And media outlets that give room to criticism of migration, can be shut down." - EU Official to the Media.
  • 3 hours Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 11 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 4 hours CDC covid19 coverup?
  • 1 day “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 19 hours Democrats Plan "B" Bloomberg Implodes. Plan "C" = John Kerry ?
  • 1 day Who decides the Oil costs?
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…




Oilprice - The No. 1 Source for Oil & Energy News