- 40% thought we would not hit a new low
- 60% thought we would hit a new low
Zenergy has announced they are looking to sell their Bakken assets. It has been suggested the deal could be a $1 billion deal.
At $5,000/acre = 200,000 acres
At $10,000/acre = 100,000 acres
Yes, I know there will be more than "just mineral acres." There will be producing wells, and possibly some other assets as well. Zenergy is a closely held company and to the best of my knowledge, it is not common knowledge how much acreage the company has in the Bakken. Oasis has about 300,000 acres; KOG has about 200,000 acres. Continental Resources has about 1.1 million acres.
So, the question: when the Zenergy Bakken deal is announced, will it be:
a) 50,000 acres
b) 100,000 acres
c) 250,000 acres
d) 500,000 acres