HOUSTON— Former EOG Resources CEO and North Dakota shale pioneer Papa said he doubts US oil production will continue to grow at the rate the market expects. Mark Papa said most of the prime locations for drilling in US and southern North Dakota have already been tapped and growth forecasts were too optimistic given recent operational hurdles and increased investor demands.
Former EOG Resources CEO and North Dakota shale pioneer Papa said he doubts US oil production will continue to grow at the rate the market expects. Mark Papa said most of the prime locations for drilling in US and southern North Dakota have already been tapped and growth forecasts were too optimistic given recent operational hurdles and increased investor demands.