Oasis Divests Non-Core Sanish; Raises $183 Million From Sale; Additional Details Elude Me

From my "Snapshot" page:

Oasis

• 1Q14 earnings; sold some non-core assets; acreage should change; sold Sanish non-core for $183.4 million
• March 31, 2014: 506,960 net acres;
• Summary, calendar year, 2013: 515,314 net acres; 34,000 boepd; 150 wells in 2014

According to the May 6, 2014, Oasis presentation, Oasis has 506,960 acres. Slide 17 of that presentation says that the company "divested non-operated properties for ~$322 million" but does not say how many acres; they say the sale closed March 5, 2014. Unless others have better information, 515,314 minus 506,960 = 8,354 acres.

$322 million / 8,354 acres = $38,544/acre. So, obviously more than just acreage (and producing acreage was involved in the sale), although ..... Bakken acreage has gone for that much in the past (rarely) and the Sanish is incredibly good acreage....just thinking out loud....

... on the other hand, another source suggested that the "Sanish Divestiture" was sold for $183.4 million. If so, assuming that all the acreage was Sanish, then we get a more "believable" $22,000/acre ... but still quite high....and very nice. .....

8,354 acres / 640 acres = thirteen 640-acre drilling units; much of the Sanish was originally spaced at 640 acres.