Natural Gas Forum For Landowners

Suggestions & Bug Reports => Bug Reports => Topic started by: macal on March 22, 2017, 07:48:57 AM

Title: Banpu buys into the NE Marcellus.
Post by: macal on March 22, 2017, 07:48:57 AM



  Banpu is buying into the NE PA. I did some calculations on one of their deals that I read about. They paid $63,000,000 for 10% of 10,000 acres held by Chief. I come up with +/- $63,000 per acre. Seems kinda high. But at $3.00 gas it would be a good return.
Title: Re: Banpu buys into the NE Marcellus.
Post by: ghrit on March 22, 2017, 11:21:00 AM



  Banpu is buying into the NE PA. I did some calculations on one of their deals that I read about. They paid $63,000,000 for 10% of 10,000 acres held by Chief. I come up with +/- $63,000 per acre. Seems kinda high. But at $3.00 gas it would be a good return.
Check your arithmetic.
Title: Re: Banpu buys into the NE Marcellus.
Post by: macal on March 22, 2017, 11:39:10 AM



  10% of 10,000 is 1000 net acres.
   $63,000,000 รท 1000 is $63,000 per net acre.
   
Title: Re: Banpu buys into the NE Marcellus.
Post by: firecutter874 on March 22, 2017, 07:13:02 PM
Who skipped math class?????

 handclap handclap handclap
Title: Re: Banpu buys into the NE Marcellus.
Post by: ghrit on March 22, 2017, 08:08:30 PM
Who skipped math class?????

 handclap handclap handclap
Well, the effect was what was wanted.  I wondered how many would automatically check matty, not to mention him checking himself.   slaplaugh
Title: Re: Banpu buys into the NE Marcellus.
Post by: riverrat on March 23, 2017, 07:48:21 AM
I was one that looked twice    simple math   but I do disagree with $3 gas making it a great deal
Title: Re: Banpu buys into the NE Marcellus.
Post by: macal on March 23, 2017, 07:59:32 AM



  Did Aubrey do that deal from the grave?
Title: Re: Banpu buys into the NE Marcellus.
Post by: riverrat on March 23, 2017, 09:08:01 AM
? your saying it wasn't a good deal?
Title: Re: Banpu buys into the NE Marcellus.
Post by: macal on March 23, 2017, 10:02:15 AM



  Definite Good deal for Chief. Maybe good deal for both if pricing holds up.
Title: Re: Banpu buys into the NE Marcellus.
Post by: Wax on March 24, 2017, 05:25:26 AM
Pocket change, for most companies. And do nothing to develop more acreage. We well have to wait for Trump to open up NY. slaplaugh slaplaugh. 
Title: Re: Banpu buys into the NE Marcellus.
Post by: firecutter874 on March 24, 2017, 07:29:08 AM
Trump "OPEN UP NEW YORK"  slaplaugh slaplaugh slaplaugh slaplaugh

The man is President of the United  States not GOD.

firecutter
Title: Re: Banpu buys into the NE Marcellus.
Post by: Rockdale on March 24, 2017, 07:34:43 AM
I was one that looked twice    simple math   but I do disagree with $3 gas making it a great deal
>>> $3 or thereabouts is probably around break even for most producers.  And of course the nationally reported futures prices are at Henry Hub which is usually about a dollar higher on average than local prices in the Marcellus region.  4 to 5 dollars would simultaneously be a very profitable level for most wells and at the same time not so high as to choke off demand.  It's a tall order at the present to get to that higher level but I think it is achievable in a reasonable time frame as natural gas continues to displace coal for electrical production and exports have the opportunity to grow exponentially by both pipeline and LNG tanker.