Locator: 44652B.
NOG: acquires small position in the Permian. Link here. The Permian is tracked here.
- appears to be about 3,000 net acres
- NOG's stake: $162 million
- currently producing at 3,400 boepd, or for NOG's stake, about 1,000 boepd
- $162 million / 3,000 net acres = $54,000 / net acre
- Ward and Reeves counties
NOG: announces public offering.
- 6.65 million shares of common stock
- option: an additional million shares (exact: 997,500 shares)
- ticker NOG: $32 / share
- 32 x 7.65 million = $245 million
NOG: announces pricing of public offering.
- 6.65 million shares, with option for another million shares
- proceeds of $200 million for the initial 6.65 million shares
- $199.5 million / 6.65 million shares = $30 / share
See this post, also, an earlier NOG acquisition in the Permian, 2021.
Note: I often make simple arithmetic errors and often misread / misinterpret press releases; if this is important to you, go to the source, links above.
*************************
Back to the Bakken
Active rigs: 40.
WTI: $71.11.
Natural gas: $2.375.
Three new permits, #39897 - #39899, inclusive:
- Operator: Koda Resources
- Field: Fertile Valley (Divide)
- Comments:
- Koda Resources has permits for three Bock wells, SESE 34-161-102; to be sited:
- 543 (sic) FSL and 605 FEL,
- 343 SL and 655 FEL,
- 343 FSL and 625 FEL.
Thirteen producing wells (DUCs) reported as completed, none of them particularly remarkable:
- CLR (7): one Flint Chips; one Dennis FIU, five Medicine Hole;
- XTO (3): three FBIR Bird wells,
- WPX (2): a Palo Pinto well; and a Skunk Creek well;
- BR: a Saddle Jerome well
The XTO FBIR Bird wells:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.