- $430 million
- Red Hills area
- undisclosed seller
- Concho now has 47,000 net acres in the Delaware
- 69% oil (compare with 95% oil in the Bakken)
- will increase number of rigs to 8 in 2017
- back-of-the-envelope: $430 million / 16,400 net acres = $25,000 / acre
The New England region needs more natural gas pipelines and power transmission lines, speakers at a conference on regional energy policies said last week.
The region has grown increasingly reliant upon natural gas for electricity generation, but pipeline development hasn’t kept pace, some said.
As things stand, New England’s reliance on coal or oil for power generation when natural gas isn’t available could mean high prices both financially and environmentally, executives said.
“In the winter days it’s tough — there’s just simply not enough gas,” said Marcy Reed, president of National Grid in Massachusetts, a gas and electricity company. The slated retirements of generators such as the Pilgrim Nuclear Power Station in Plymouth, Massachusetts, will only exacerbate the problem, she said.
The Broadway Theater Page
The father of the electoral college: Alexander Hamilton.
I can't make this stuff up.