SWN payed $574 per acre while CHK sold assets for $285 per Acre
Recent purchase by SWN shows that CHK sold for a distress price. Take into consideration infrastructure that
SD has built in the Miss and you can conclude that the real value of SD acreage might be considerable higher than the $574 per acre. imno
$574 is referencing the Marcellus....not the Miss Lime. The point being made is the CHK is a company in distress and is struggling to raise cash. Where-as SD has already funded drilling going forward and all the hub bub over what CHK deal did to SD Miss lime assets was improper.