Despite OPEC’s best efforts, shale boomers are still alive and kicking—at least some of them. More precisely, those that came first, chose the best acreage, and had the farsightedness needed to make it profitable in the long run, as well as some luck. At least that’s the conclusion of IHS Markit in a new study. The market researcher’s study focused on the Delaware Basin, which is a particularly prolific part of the Permian. The study found that the best performers were the companies that entered the play first and knew more than most about the local geology, and named EOG Resources as the most successful in that area, thanks to its long presence in the Delaware Basin and the extensive knowledge of the equally extensive plays it is operating, according to author Sven Del Pozzo. Because of its early entrance and higher-risk appetite, EOG and others like […]