Yes quite likely it is Kelso & Ajax who are the potential purchasers.
Northern Star price is @ US$11,500 per acre
Big Star price is @ US$13,150 per acre
Imagine how much they might have got for those other 4,000 BS acres that weren't renewed.
W&T offshore deal was priced @ US$15,000 per acre as a comparison, but cames with considerable production.
Personally I think the buyers are paying way over the top for what there getting.
LOTM
Permian Asset Buyer is Kelso & Company, page-2
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