It's possible I posted this story earlier, but have forgotten, and easier to re-post than to look.
Bottom line: based on "per acre" value, Oasis and Whiting best values in the Bakken.
Buyers looking to extract the best deals from Bakken shale oil may turn to Oasis Petroleum Inc. and Whiting Petroleum Corp. as the cost to find and produce a barrel of crude soars.This is not an investment site; see disclaimer at sidebar at the right. I accumulate shares in various companies in the Bakken, including Whiting, but not Oasis. I don't plan to buy any shares in any equity in the next month -- all my discretionary cash is going to my granddaughters, daughters, and wife (not necessarily in that order).
Among the biggest U.S. explorers in the 200,000 square-mile (518,000 square-kilometer) geological formation centered in North Dakota, Oasis and Whiting owned the most Bakken shale acreage versus their takeover value, according to data compiled by Bloomberg. On that basis, both control more land than Brigham Exploration Co., which sold itself to Statoil ASA this week for more than $12,000 per Bakken acre in the most expensive major acquisition in the region, said Pritchard Capital Partners LLC.