Surge Energy Buys 35,000 Net Acres In The Canadian (Saskatchewan) Williston Basin -- The Article Does Not Specifically Say The Deal Was For The Bakken

From SeekingAlpha:

Few weeks ago, Cenovus Energy sold its Shaunavon assets (54 net sections) in the southwest area of Saskatchewan to Surge Energy for $240 million. These properties are located very close to the Williston Basin, produce approximately 3,600 boepd of medium gravity crude oil and hold 2P reserves of 10.62 MMboe. These properties did not fit Cevovus' strategic vision because the company wanted to focus on its heavy oil properties.

From The Calgary Herald:

A four-month marketing process has resulted in Cenovus Energy Inc. agreeing to sell southern Saskatchewan tight oil assets for $240 million to a Calgary junior.

Cenovus, better known for its thermal oilsands production, reported Tuesday after markets closed that it had struck a deal to sell its Shaunavon package, about 14,000 hectares producing about 3,600 barrels of oil per day, to Surge Energy Inc. 

“We believe they are quality assets but after a portfolio review we identified them for sale just because we didn’t feel we would be able to scale them up to a size that would be material,” said Cenovus spokeswoman Jessica Wilkinson.

A second set of assets, in the Saskatchewan Bakken, producing 700 bpd remains on the block. Cenovus began marketing the two parcels in February.

Back-of-the-envelope:

• 14,000 hectares = 35,000 acres
• $240 million / 35,000 acres = $7,000 / acre