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Voyager Oil & Gas, Inc. Common Message Board

  • richardclovis richardclovis May 10, 2013 9:30 PM Flag

    Earl

    A good point....takeover possibility....further lining their pockets as well as shareholders....
    From a recent SA blog...
    The Williston Basin of North Dakota and eastern Montana has been the heart and soul of the development in the past. Everybody was rushing into the area and lease prices were going through the roof. When Williams Companies (WMP) purchased 85,800 acres in October 2010 for $10,780/acre, Enerplus Corp. (ERF) purchased 46,500 acres in September 2010 for $9,800/acre, Linn Energy LLC (LINE) purchased 12,000 acres in December 2010 for $17,000/acre, and even the small and unknown player Kodiak Oil & Gas (KOG) purchased 14,494 acres in October 2010 for $7,600/acre, it was obvious that something major was happening. The Bakken oil boom hit the Williston Basin full steam and nobody ever looked back. It is actually getting crazier by the day, with the most recent example being QEP Resources (QEP) purchasing 27,000 acres in the Williston Basin for an estimated $40,000 per undeveloped acre. This is a new record and it only happened at the end of last year.
    In addition to the lease acquisition frenzy, another trend is also very important to notice. First, it is the smaller companies that start the exploration followed by the medium to larger companies moving in. Companies like Whiting Petroleum (WLL), Oasis Petroleum (OAS), Northern Oil & Gas (NOG), Continental Resources (CLR), etc. are smaller players becoming takeover targets based on their cheap evaluations. Then, the big boys step in:
    1. Exxon Mobil (XOM) moved into the Bakken at the end of last year in a deal that included $1.6 billion and additional working interest considerations.
    2. Apache Corp. (APA) entered the Bakken with a big acquisition of 300,000 Bakken acres in Montana.
    3. Stateoil ASA (STO) bought Brigham and its Bakken acreage for $4.4 billion.
    The Signs Are Very Clear..
    Lease prices are exploding.....Majors are moving in.
    The Williston Basin is leased out....Takeovers, mergers, and sales.

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