Parsley Energy announces deal for 5,472 net acres for $252 million

Parsley Energy just announced a deal for 5,472 net acres in Reagan County for $252 million.  The deal includes 1,800 boe/d.  Metrics work out to: $46k/net acre and $140k per flowing barrel (click here).

Lynden Energy gets another mention.

Looks like Lynden Energy got another mention, see this Stock Gumshoe piece (click here).

RSP Permian enters into agreements for 6,652 net acres for $259 million

RSP Permian entered into agreements to purchase 6,652 net acres in Glasscock County for $259 million (click here).  Valuation metrics are $39,000/acre and $234k/flowing barrel.

Diamondback announces deal to purchase Midland Basin interests for $538 million

Diamondback Energy announced a deal to purchase leasehold interests in the Midland Basin for $538 million (click here).  The acquisition includes 13,136 net acres, 2,173 boe/d and 94 net producing wells.  Valuation metrics for this deal are $40,956/net acre and $247,584/flowing barrel.


Applying these metrics to Lynden Energy Corp.'s Wolfberry assets are as follows:


$40,956/net acre x 5,883 net acres = $241 million US ($1.80/share CAD)
$247,584/flowing barrel x 1,250 boe/d = $310 million US ($2.32/share CAD)


LVL's metrics do not include any valuation for their 51,000 acres at Mitchell Ranch.

Antares Energy receives offer

Antares Energy received a $300m offer.  They have 4,697 net Wolfberry acres producing 1,204 boe/d from 48 wells at their Southern Star producing acreage.  Also 11,984 net acres producing 146 boe/d at Northern Star and 11,000 net undeveloped acres at Big Star.

New Mention of Lynden Energy

The Energy Report published an article today that mentions Lynden Energy (click here).  About 2/3 of the way into the article, Keith Schaefer mentions that Lynden has three big potential catalysts:
1. Lynden could sell its Wolfberry assets, he mentions a potential $130 million deal.
2. Fang is drilling a horizontal drill on Lynden's assets.
3. Lynden is drilling on Mitchell Ranch and if it hits, "it's a game changer for the company."

New Lynden Energy Corporate Presentation

Lynden Energy Corp. posted a new Investor Presentation to their website (click here).