Update On Permian Valuation -- January 10, 2017

From Reuters via Rigzone, data points:

• Parsley Energy acquires 23,000 net leasehold acres, producing and undeveloped acreage
• $607 million 
• located in Midland and Southern Delaware Basins near its existing operations
• overall, 2016 CAPEX: $500 million
• 2017 CAPEX: $900 million at top end; $750 million at low end
• 2017 production estimate, all acreage: 60,000 boepd, a 60% increase over 2016

Back-of-the-envelope: new Permian acquisition, $26,000 / acre. This is a lot "cheaper" than the $44,000 / acre it paid in August, 2016, for acreage in Midland.