RE: Ridgemar assets 80,000 acres, Nobel JV acreage 250,000.11 Dec 2024 14:45
Hold The Front Page
The Crescent team has been on a buying spree in the Eagle Ford. Since the spring of 2023, they have committed more than $3.1 billion to four deals in the basin, the most notable among them for SilverBow Resources (OGJ Online, May 16, 2024). Most recently, the company paid $168 million to an unnamed private operator for about 4,000 boe/d of production in Atascosa, Frio, LaSalle, and McMullen counties, the same four counties that hold the Ridgemar assets (OGJ Online, Sept. 4, 2024).
Do the math as they say in the US of A
4000 boed
$75 Per Barrel
$300,000 Per day
$9,125,000 Per Month
$109,500,000 Per Year