As the booming U.S. onshore oil and gas industry matures and efficiency levels fall, less active Canadian shale plays stand to benefit with arguably the best combination of quality inventory and longevity, according to a new white paper from Kimmeridge, a New York energy private equity firm with an activist bend, exclusively obtained by Fortune.
While the Permian Basin—including its Midland eastern lobe and Delaware western lobe—in West Texas is by far the king as it amazingly produces almost half of record-high U.S. crude oil supplies, its core areas are rapidly being drilled up as companies move to less efficient, lower-tier acreage and drilling depths.
