Random Look At Whiting's Non-Core Asset Sale -- May 3, 2015

From the "Snapshot" page:

• 1Q15 earnings transcript;  774,000 net acres; sold non-core Bakken assets for $108 million;
• 4Q14: KOG deal with Whiting closes. Whiting owns KOG. KOG ticker symbol no longer for Kodiak Oil and Gas. 685,000 + 183,000  = 838,000 acres (MT and ND)

Some back-of-the-envelope calculations: I know that Whiting had a non-core asset package that was all Bakken; how much more they had elsewhere, I don't know, but my hunch is, based on the rest of the transcript, most of that non-core asset package was in North Dakota. If so, 838,000 acres minus 774,000 acres = 64,000 acres.

$108 million / 64,000 acres = $1,700 / acre. Possible? Maybe. I don't know. Just thinking out loud.  This is a WAG as they say; don't make any financial or investment decisions based on this, or on anything you may have read at the blog, or think you may have read at the blog. If this is important to you, go to the source, and the source certainly is not the Million Dollar Way.