I believe Hess - SN deal was announced monday pm & probably was priced in today.
I am not famiiiar with locations, but an SA article noted that Hess acreage was outside the oil window and in the wet gas window. MHR presentation notes 90% oil in EF production. Thus better land?
Hes-Sn was approx $59 k per flowing barrel and $19.70 per boe proven reserves. Putting the same value on MHR's approx 4000 boe/day and approx 12.6 mm proven reserves gets us to around $250 million. Info based on MHR presentation.
Just a first level review. Others on this board know this geographic area better. Might be a worthwhile discussion based on conference call commentary from GE.