What percentage of Woodson county do you think the so called 'cherry creek trend' entails? 20%? 10%? 5%? How much of Woodson county is actually mature fields or still unknown or completely worthless for that matter.
Wouldn't it make a big difference in Woodson county to know exactly how big and where a lease was in trying to decide if it was worth anything? I'm going to go out on a limb here and say yes. It's been said here before that Hemi has such a good relationship with many of the locals that they've been able to hand pick leases that they want. I think you could assume from that, that there is plenty in the county they don't want.
Now, I'm sure different counties in different states are all going to be different, but the comparison has to be somewhat valid to all the other places you mention that Hemi owns leases. Even if the answer is YES to all your questions, simply being in the same county is pretty thin circumstantial evidence to be basing the worth of these leases on.
Certainly there is a good chance that Keith actually picked up some valuable leases. But apparently no one really cares, even at these highly discounted prices. I wonder why that is?
