Asleep At The Wheel -- Guilty As Charged -- January 26, 2018

I completely missed this. At least as far as I can tell. If I posted this, I have forgotten all about it.

For the archives.

From a press release:

• date: September 1, 2017
• RimRock, a start-up oil and gas exploration and production cmpany
• on this date, completed the acquisition of upstream assets located in the Williston Basin
• seller: Whiting
• location: on the Fort Berthold Indian Reservation, Dunn and McLean counties
• 30,000 net acres
• $500 million
• 8,000 bbls of oil/day
• back-of-the-proverbial envelope: about $17,000 / net acre
• average well in North Dakota, 100 bopd = at most 80 wells; probably much less (except this is the prolific Fort Berthold area; I might be surprised)
• to the best of my knowledge the wells have not been transferred yet (I could be wrong)