QEP Resources recently announced a deal to acquire 27,600 net acres, 10,500 BOE per day of production, and 125 MMBOE of proved and probable reserves. The most common calculation for these deals is the per-acre number, and this comes out to $50,000 per net acre at the purchase price of $1.38 billion. That seems quite steep, but the number becomes more reasonable if you look into the acquisition economics. Paul and Matt dig deeper into the specifics in the video below.
Bakken Activity Continues to Heat Up
August 30, 2012 | Comments (1)
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