Tuesday, December 6, 2011

Comstock acquires Wolfcamp property

Comstock Resources announced a deal to acquire prospective Wolfcamp land for $332.7 million. The deal includes 44,000 net acres, 1,400 boe/d and 23.2 mmboe proved. Metrics for this deal are $7,561/acre and $14.34/boe proved.

These comparables further validate the analysis completed in the October 31 post.

No comments:

Post a Comment