Point of View - Davis Petroleum president touts employees' entrepreneurial spirit for private firm's success

Gregg Davis, president of privately held oil and natural gas independent Davis Petroleum Corp. (DPC), largely credits his company's success to the entrepreneurial spirit of its employees.Davis, now the third-generation family member to take the helm of the Houston-based firm, told OGJ that DPC attracts the "best and brightest" geologists and geophysicists by offering a work environment that differs from what a public company can offer through simple stock options.Years ago, Davis's father, Marvin, initiated a compensation system that gave overrides to key management employees. For example, the younger Davis said, "A geologist will receive essentially a costless interest in every w...

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