Denbury Sells Its Remaining Non-Core Williston Basin Acreage -- July 10, 2016

From Seeking Alpha. Data points:

• Denbury sold its remaining non-core Williston Basin assets for $58 million
• averaged around 1,350 boepd; 96% oil
• around $43,000 / flowing bbl
• well above what Pioneer Natural Resources paid for its Midland Basin acquisition  ($35,000 per flowing barrel; but Midland was only 70% oil)

I don't know how much acreage this amounts to.

The last data point I had for DNR was that DNR sold most of its acreage in the Williston Basin to XOM back in September, 2012, for $1.6 billion. That deal was said to include 196,000 acres in the Bakken; prior to that deal, some said DNR had about 200,000 to 260,000 acres in the Bakken. At about $5,000/acre, $58 million = 12,000 acres, so unless we get the acreage numbers, it's anyone's guess what the actual amount of acreage was. The buyer was not identified.

We'll watch the NDIC daily activity report to see to whom the wells were transferred.