Recently, Hart Energy’s Jessica Morales sat down with Noble Royalties CEO Scott Noble to find out his path. Noble said he actually wanted to be a doctor when he first started planning for a career. But a bout with a queasy stomach steered him another way. Noble began working with his father, drilling and operating wells for 12 years.
Once it was time to sell, the payout wasn’t what he expected. "That gave me the idea, should I be buying production rather than trying to find production? That is when I started buying minerals in 1997. But, I have the mindset of a driller and I think that has been a huge advantage,” said Noble.
The 24th edition of the World Energy Congress shined the lights on critical issues facing the energy sector, and key requirements to unlock potential and abundant opportunities.
The all-equity deal follows an already blockbuster year for Viper Energy Partners including the $700 million dropdown acquisition the company announced in July.
Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.