S
Scott Sheffield
Professor of mathematics
4
APPEARANCES
4
PODCASTS
012
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Oct 13, 2026
Episode 5: Scott Sheffield – Lessons from Building a Shale Giant
17:47
38:53

Ben DellHOST
What do you think the biggest misconception or anti-consensus call is today as you look about at the market? What do you think the market's missing or management teams are missing?
S
17:59Scott SheffieldGUEST
Yeah, I think, um, ever since I came back, we both had to fight, uh, I'm gonna call it the ESG movement.
S
18:07Scott SheffieldGUEST
Uh, and it, and it got to a point to where it was strong with the financial institutions.
S
18:12Scott SheffieldGUEST
So we had the ESG movement, and then we had the movement by shareholders, uh, wanting us to change our, our business model To be more, to return capital back to the shareholders.
S
18:25Scott SheffieldGUEST
So as you all know, the industry had a 2% return on capital for several years.
S
18:37Scott SheffieldGUEST
Uh, and what's happened is that we've gone from 100 public companies in the upstream side to 40.
20 MINS LATER

Ben DellHOST
How do you think about the return profile that you need to be international versus domestic? And how do you think about politics and the liquidity of the market if you're developing assets? You obviously have lots of experience in those areas, but how do you think about Argentina, Venezuela, Australia in terms of the environment versus domestic US?
Scott Sheffield on First Serve New Mexico, A Legendary Gala and Getting In The Game
2:48
2:57
3:09

Mitch MichalsHOST
We feeling still a little nervous? Do we have our ducks in a row? How are we feeling as, uh, the big day gets closer?
Scott SheffieldGUEST
Uh, it's really for us a, a two-day event because my wife, um, Kimberly, and I have a ranch outside.
Scott SheffieldGUEST
Everybody gets to do some shooting with pistols and shotguns and with clay pigeons.
"You Have to Be Willing to Change Strategy" – Scott Sheffield, Author of "From Tehran to the Permian"
25:58
26:03
Scott SheffieldGUEST
And he's the one that told you, he was MIT, and he told me, Scott, you got to think out five, 10 years.
Scott SheffieldGUEST
And I was thinking out like we most do when you form an oil and gas company, the next week, the next month, maybe a year at the most.
11 MINS LATER
Bonus: A US shale pioneer on the Middle East war
4:09
4:24
4:35
9:51
Scott SheffieldGUEST
He got the family together one Sunday in Houston and said, "We're being transferred over to Tehran, Iran." And I loved history, and so it reminded me of the Persian Empire going back to Darius, Xerxes.
Scott SheffieldGUEST
Went over there when I was thirteen, entered the ninth grade, played American football on the US Embassy grounds.
Scott SheffieldGUEST
I loved traveling to the Tehran bazaar with my mother, learned how to negotiate with merchants and, and shop owners in the Tehran bazaar, probably one of the largest in the world.

Jamie SmythGUEST
Yes, I asked him about that and whether President Trump was right to start this war in the first place, and this is what he told me.
