March 10, 2016

Management Team



Varun Mishra was one of the founding members of Rice Energy and served as VP of Completions from the formation of the company in 2008 until April 2014. In January 2014, Rice Energy went public with a market capitalization of $2.9 billion. Mr. Mishra’s technical team applied unique ideas and led the development of Appalachian shale innovation. During his tenure at Rice, his team successfully completed more than 40 wells in Marcellus and achieved gross production of more than 300 MMCFD. Prior to joining Rice Energy, Mr. Mishra worked as a completions engineer with EOG Resources in the Barnett Shale and as a production engineer in the offshore oilfield with ONGC Ltd. Varun Holds a BS in Petroleum Engineering from India School of Mines, Dhanbad and a MS in Petroleum Engineering from Texas A&M University.

Mark Butta

Vice President of Midstream & Marketing

Mark Butta began his career in 1980 as a field engineer in western Pennsylvania with Equitable Resources before ultimately being promoted to manager of interstate transportation and marketing. Upon leaving the regulated segment of the industry, Mr. Butta began managing commercial sales and commodities risk management with several firms.  In 2000, Mr. Butta helped launch a successful combined heat-to-power (CHP), district energy and distributed generation business, Thermal Ventures II, LP and served as its Vice President of Business Development.  In mid-2008, Mark joined Rex Energy Corporation and ultimately Rice Energy, LP to help build-out midstream infrastructure.  Since leaving Rice, Mr. Butta has been advising several midstream companies, including MarkWest Utica EMG and EnLink Midstream (formerly Crosstex), in the Marcellus and Utica Shales in Ohio. Mr. Butta holds advanced degrees in Mechanical Engineering and Draft and Design Technology from West Virginia University Institute of Technology and Point Park University.

Braulio Silva

Vice President of Drilling

Braulio Silva started his drilling career with EQT in 2010 where he handled engineering for top-hole rigs and horizontal rigs in the Marcellus Shale. During his time at EQT, he drilled approximately 100 top-holes and 50 horizontal wells in the Appalachian Basin before moving to Noble Energy to help kick-start their operations in 2012. While at Noble Energy, the company ramped up operations to 5 horizontal rigs and 3 top-holes rigs with a 110 well program per year. Mr. Silva created technical teams with service companies to improve the efficiency of Noble’s drilling operations and designed extended reach laterals up to 22,000 ft. He holds a BS in Petroleum Engineering from Texas Tech University and is a member of AADE and SPE.

Collin King

Vice President of Finance

Collin King previously worked as a financial analyst at Range Resources Corp. where he helped monitor liquidity, manage risk and model returns on potential transactions. He communicated with business unit managers and executives on the corporate budget and tracked actual spending compared to forecasted numbers. Mr. King also monitored credit exposure with over 100 companies and ensured counterparties were in acceptable financial condition to minimize credit risk. Mr. King also assisted in closing numerous corporate finance transactions including $750 million of senior subordinated notes in 2013. Mr. King graduated Cum Laude with a BBA in Finance from Texas Christian University.

Tunde Ajayi

Vice President of Completions

Tunde Ajayi was one of the first few employees at Rice Energy and served as the Vice President of Completions till November of 2016. During his time at Rice Energy, he successfully completed over 180 wells and increased gross production from 200 MMCFD to 1 BCFD. He had the unique ability to design and execute some of the best Utica and Marcellus shale wells in Ohio and Pennsylvania such as the Bigfoot well in the Utica Shale in Ohio. He built and trained the Completions team at Rice Energy to focus on innovative reservoir-centric technical completion designs and incorporated this with consistently efficient, safe and cost-effective operational execution. Prior to joining Rice, He worked as a Senior Completions Engineer at Seneca Resources and as a Production Stimulation Engineer at Schlumberger. He holds a BS in Chemical Engineering from Bosphorus University, Istanbul and an MS in Petroleum Engineering from Texas A&M University.

Mark A. Acree, CPL,

Vice President of Land 

Mr. Acree is a Certified Professional Landman (CPL) with 39 years of oil and gas industry experience, including 30 years executive and managerial experience. He has worked on joint ventures and exploration programs with numerous industry partners in many of the major exploration and development plays across the US, coordinated all land-related activities in large scale leasing, joint venture, drilling programs and acquisitions and divestitures with capital budgets in the billions. During the past 20 years, Mr. Acree held executive and/or senior managerial positions with Range Resources – Appalachia LLC, (a subsidiary of Range Resources Corporation) and Noble Energy, Inc., in the Marcellus Business Unit. Mr. Acree is a member, former Regional Director and has chaired various committees within the American Association of Professional Landmen (AAPL), including Education, Certification and Accreditation Committee. He is also member and past President of the Michael Late Benedum Chapter (MLBC) of AAPL. He is a founding member of the Energy Land Management Advisory Boards of West Virginia University, Penn State University and Marietta College. Mr. Acree is an alumni and previously served on the Board of Directors of Junior Achievement of Western Pennsylvania and Washington County Junior Achievement; and is a member of various oil and gas industry, social and fraternal associations including the Masonic Lodge of Ohio and Pi Kappa Alpha Fraternity (University of Tulsa, Gamma Upsilon Chapter). Mr. Acree holds a Bachelor of Science in Business Administration from the University of Tulsa.