Title : Asleep At The Wheel -- Guilty As Charged -- January 26, 2018
link : Asleep At The Wheel -- Guilty As Charged -- January 26, 2018
Asleep At The Wheel -- Guilty As Charged -- January 26, 2018
I completely missed this. At least as far as I can tell. If I posted this, I have forgotten all about it.For the archives.
From a press release:
- date: September 1, 2017
- RimRock, a start-up oil and gas exploration and production cmpany
- on this date, completed the acquisition of upstream assets located in the Williston Basin
- seller: Whiting
- location: on the Fort Berthold Indian Reservation, Dunn and McLean counties
- 30,000 net acres
- $500 million
- 8,000 bbls of oil/day
- back-of-the-proverbial envelope: about $17,000 / net acre
- average well in North Dakota, 100 bopd = at most 80 wells; probably much less (except this is the prolific Fort Berthold area; I might be surprised)
- to the best of my knowledge the wells have not been transferred yet (I could be wrong)
Thus Article Asleep At The Wheel -- Guilty As Charged -- January 26, 2018
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