In an earlier post, I referenced this article in offshore-technology: Whiting to sell all of its assets in the Denver-Julesberg Basin (DJ Basin) of Colorado:
- buyer: an undisclosed private entity for $187 million
- 67,278 net acres
- includes associated midstream assets
- Weld County
- 7,100 boepd, 51% oil
- back-of-the-envelope:
- $187 million / 67,278 acres = $2800 / acre
- $187 million / 7,100 boepd = $26,000 / boepd
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