- 1,800 net royalty acres
- 225,000 - 275,000 boepd estimated for 2022
- Midland Basin
- largely operated by Pioneer Natural Resources and Endeavor Energy Resources
- valued around $32.5 million
- back-of-the-envelope:
- $18,000 / acre
- $32.5 million for 250,000 boepd? See first comment: this had to be an error. Here's the correction -- business wire ... link here ... 225 to 275 boepd.
Prior, the largest MNRL deal was in the D-J Basin; link here;
- $43 million + 2.2 million shares, ~$22 / share = $48 million = $91.4 million
- $91.4 million / 8,400 acres = $11,000 / acre
- $91.4 million / 1,200 boepd = $76,000 / boepd
Note: there may be a number of content / typographical errors. If this is important to you, go to the source.
