The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico, famous for holding large oil fields and for a fossilized reef exposed at the surface. From Wikipedia
EOG Resources capitalizes on tight oil supplies, notching $6.2 billion in Q3 revenue and rolling out a 10% dividend increase plus a $1.50 special dividend; company sets minimum cash return commitment at 70% of annual free cash flow for 2024.
