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Saturday, August 25, 2012 5:46:43 PM
The acreage is located primarily in Eastern McKenzie County in a fairly contiguous block. QEP claims this is one of the better sweet spots in the Bakken with EURs well above the Williston Basin average. Helis Oil & Gas LLC was the operator of over 90% of the acreage and the primary seller.
However, the non-operators were allowed to combine with Helis on the sale and receive the operator premium per acre for all of their acreage. This model of getting non-operators to combine with operators on sales will continue as big acquirers want to get the biggest economy of scale possible.
OTCBB / Pink Sheet Oil & Gas Stocks
Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.
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