This is what makes blogging about the Bakken so much fun: one never knows where one will end up. From the Bakken, I ended up following GEOI, which was bought by Halcon, and Halcon eventually led me to Tuscaloosa Marine Shale.
One can track back on the blog if interested, starting with Halcon at the sidebar at the right. If you do, you will eventually reach the recent Halcon presentation (a PDF).
Today, HK is up almost 10%. The jump is probably due to a Goodrich Petroleum well noted at this blog.
Now back to the linked presentation, now that it has downloaded. Halcon has:
- about 142,000 net acres in the Bakken
- about 100,000 net acres in the Eagle Ford
- about 300,000 net acres in the Tuscaloosa
KOG: market cap -- $3.6 billion
HK: market cap -- $2.2 billion
$3.6 billion / 200,000 acres = $18,000/acre
$2.2 billion / 542,000 acres = $4,000/acre