Random Note From Most Recent Oasis Corporate Presentation

At my "Snapshot" page, I have this recent information regarding Oasis:

• September, 2013: announces acquisition of 161,000 net acres for $1.515 billion; brings total total Williston Bakken acreage to 492,000 net acres; 42K bopd;  
• December 31, 2013: summary, calendar year, 2013: 515,314 net acres; 34,000 boepd; 150 wells in 2014
• March 31, 2014: 506,960 net acres 
• 1Q14 earnings; sold some non-core assets; acreage should change; sold Sanish non-core for $183.4 million

Of interest was the statement in the 1Q14 earnings summary: "sold Sanish non-core for $183.4 million." At the time I was unable to find the amount of acreage that was involved in this sale. I did not see it but could have missed it.

I was hoping that the company's most recent corporate presentation would shed more light but it did not; it confused matters by saying only this -- "divested non-operated properties for ~$322 million" -- slide 17.

For now, I will ignore the $322 million figure and go back to the earlier information.

Everyone agrees that at the end of calendar year 2013, the company had 515,314 net acres in the Bakken.

Everyone agrees that in June, 2014, the company had 506,960 net acres in the Bakken.

The earning statement for 1Q14 said the company sold Sanish non-core acreage for $183.4 million.

515,314 - 506,960 = 8,354 acres divested.

$183.4 million / 8,354 acres = $22,000 / acre.

Disclaimer: I often make simple arithmetic errors. I often make wrong assumptions. I often misread things. There is no attempt to mislead; I do these "back-of-the-envelope" calculations for my benefit only. It seems like I've posted this information before; if it looks familiar, maybe I have posted it before; I don't remember.