Mark Papa, the former chief executive of industry bellwether EOG Resources Inc., said in an interview he is eager to tell the assemblage of oil chieftains that a widely held view that shale-oil producers can quickly ramp up production, and sustain those levels if needed, is wrong. ... Former EOG Energy CEO and US shale pioneer Mark Papa said he doubts US oil production will continue to grow at the rate the market expects . Papa said most of the prime sites for drilling in North Carolina and southern Texas have already been tapped and growth forecasts were too optimistic given recent operational hurdles and increased energy demands .
Former EOG Energy CEO and US shale pioneer Mark Papa said he doubts US oil production will continue to grow at the rate the market expects . Papa said most of the prime sites for drilling in North Carolina and southern Texas have already been tapped and growth forecasts were too optimistic given recent operational hurdles and increased energy demands .