Bakken Activity Continues to Heat Up
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.
The article Bakken Activity Continues to Heat Up originally appeared on Fool.com.Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.