Back To Denbury And That News Earlier Today -- October 29, 2018 -- Did DNR Just Swap 275,000 Acres In The Bakken For 84,000 Acres In Eagle Ford? - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Back To Denbury And That News Earlier Today -- October 29, 2018 -- Did DNR Just Swap 275,000 Acres In The Bakken For 84,000 Acres In Eagle Ford?, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Back To Denbury And That News Earlier Today -- October 29, 2018 -- Did DNR Just Swap 275,000 Acres In The Bakken For 84,000 Acres In Eagle Ford?
link : Back To Denbury And That News Earlier Today -- October 29, 2018 -- Did DNR Just Swap 275,000 Acres In The Bakken For 84,000 Acres In Eagle Ford?

Back To Denbury And That News Earlier Today -- October 29, 2018 -- Did DNR Just Swap 275,000 Acres In The Bakken For 84,000 Acres In Eagle Ford?

Over at "Bakken operators," recent entries regarding Denbury, prior to today's announcement:

• July 20, 2016: Denbury sells the remaining non-core Bakken assets for $58 million; buyer not identified; amount of acreage not identified;
• October 2, 2013: corporate update; their production in North Dakota is their biggest 
• September 20, 2012: XOM to buy all DNR acreage in the Williston Basin Bakken (North Dakota and Montana); $1.6 billion deal; 196,000 Bakken acres; but DNR gets XOM acreage in Wyoming and Texas; see XOM below;
• August, 2012, corporate presentation (dynamic link)
• ~ 200,000 acres (August, 2012, corporate presentation); according to "anonymous," DNR has 66,000 acres in Ward County, too far east for the Bakken; whether they still have the acres or not is unknown; but off the books, and the rig there will not be kept (will let contract expire)
• Back to 266,000 net acres (Enercom Conference, August 16, 2011); note -- previously planned to add 7th rig by January, 2012; now by end of 2011 (not much difference, but moved up) -- nope, now down to 4 rigs  (1Q12 conference call); back to six (6) rigs through 2012; see below, 4Q11 -- 4 rigs ("wrote off" 66,000 acres in the Almond prospect)
• 266,000 net acres (April, 2011; IPAA conference presentation)
• 275,000 net acres in the Bakken (January, 2011; agrees with corporate presentation)
• Cherry Prospect: Siverston field, 
• Fields, SW of the river: Camp, Cherry, Lone Butte, Bear Creek, Charlson, and Murphy Creek
• Field: NE Foothills in Burke (+/- value)
• Field: Almond in Ward County (76,000 acres; almost no proven value yet) Update: 4Q11 -- removed from inventory; no value; removed the one rig that was there
• Analyst's number: 300,000 net acres (December 31, 2010)

Note: DNR had around 275,000 net acres in the Bakken at one time; in 2012, it was announced that XOM would buy all DNR acreage in the Bakken (operator would be XTO).

So, DNR very likely sold 275,000 net acres of Bakken for around $5,000/acre (a "WAG" as they say), or $1.4 billion and now a few years later spend about that much money to buy 84,000 net acres in the Eagle Ford.

Today's news: buys Penn Virginia assets in Eagle Ford for $1.7 billion; 84,060 net acres.

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