Huge Thanks To Z4 For The Alert; Merger In The Permian -- July 15, 2019

From Rigzone, July 15, 2019, another Permian merger:

• Callon Petroleum to acquire Carrizo Oil & Gas
• all-stock transaction
• $3.2 billion
• 200,000 net acres in the Permian Basin and Eagle Ford shale
• more than 90,000 net acres in the Delaware Basin
• 2,500 total gross horizontal locations

Net acres valued at $16,000/acre (of course, this includes current production).

From the archives, JAG:

• 75,000 net acres
• x $16,000/acre = $1.2 billion
• JAG's market cap today: $1.826 billion
• or, $1.83 billion / 75,000 = $24,000/net acre

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NOG (link here):

• 170,000 net acres (?)
• market cap today: $735 million 
• $4,000 / net acre