More On The RSP Permian Deal In The Delaware Basin -- October 15, 2016

Remember that story about RSP Permian paying $60,000/Permian acre? Bloomberg over at Rigzone weighs in. Data points:

• a record deal
• in the biggest oil field in the US
• Bloomberg calculates $45,000/ace -- a price never seen before in the western section of the Permian known as the Delaware Basin
• acquisition costs in the Delaware Basin are creeping close to the more prolific Midland Basin 100 miles to the east

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Freeport-McMoRan To Sell Onshore California Oil And Gas Assets

Data points:

• will sell assets to Sentinel Peak Resources California
• $742 million; hardly makes a dent in world's largest listed copper miner's debt (almost $20 billion)
• this quote from the article: "high-cost, heavily-regulated California market"