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Wednesday, May 4, 2011

SeekingAlpha: A Look At Biggest Leaseholders in The Bakken -- North Dakota, USA

Link here.

I haven't cross-checked my data with his data regarding net acreage; if I get the chance I will do that later.

One cannot compare the companies listed head-on; one would be comparing apples and oranges as they say.

Some are pure-Bakken plays; others target other domestic plays in addition to the Bakken; and others are international companies.

In addition some are clearly "growth" companies, while others are more mature, almost "value" companies. PE's, as such, cannot be compared among the various companies.

In addition, the mix of their production is important: oil vs natural gas. If pure-Bakken, pretty much oil only; but if international, may have significant exposure to natural gas.

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