Former EOG Resources CEO and US shale pioneer Mark Papa said he doubts US oil production will continue to grow at the rate the market expects. One of the pioneers of the U.S. shale boom plans to deliver a surprising message at a major energy conference here this week: U.S. oil production won’t keep growing as fast as the market seems to think. “Oil prices are going up because of a lot of supply coming on line from OPEC countries that have been in decline for some time,” Papa said.
Former EOG Resources CEO and US shale pioneer Mark Papa said he doubts US oil production will continue to grow at the rate the market expects. “Oil prices are going up because of a lot of supply coming on line from OPEC countries that have been in decline for some time,” Papa said.