The Wolfberry Post! focuses on recent news and information relevant to the Permian Basin and the Wolfberry and Cline Shale formations in Texas as well as information relating to the oil and gas sector.
Thursday, May 12, 2011
W&T completes Permian Basin Acquisition
W&T Offshore, Inc. announced that it has completed the purchase of 21,500 net acres for $366 million. This exceeds $17,000/acre for land with 27 million barrel equivalents proven and 26 million barrel equivalents of probable reserves.
Lynden Energy Corp. Valuation Analysis (click here) or see 10/31/11 post.
Please feel free to contact us at wolfberrypost@gmail.com. Disclosure: I am long LVLEF. This blog contains stock ideas and information and does not make recommendations. The intent of this blog is to provide information for discussion and informational purposes and should not be considered to be investment advice. Please complete your own due diligence.
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