Interesting place. Google it to see who the operators are there.
Several Kinder,BRY,Philips .They said they wanted property near existing infrastructure so as to keep cost down?Do you suspect this was a deal sweetener for Berry?What are you thinking?
Nothing to do with Berry.
I wonder why Linn paid $525M for the same number of acres in the same field that Kinder only paid $285M in June.
Just shows area where the land is almost lost in between hundreds of acres of undrilled Texas land. NOT even interesting!
What's interesting is who else is drilling for oil there.
I thought originally that Linn would use the shared EOR experience from Anadarko for the future fields of California owned by BRY.Now I see it could extract at least 70% more oil out of the original proven reserve of that new Permian purchase.