https://www.bloomberg.com/news/arti...e-permian-may-be-too-ritzy-as-oil-prices-rise
As shale continues to develop the highest acreage value I have ever heard of is this one. $60.000 per acre!
Which just shows, if it is good shale, with modern technologies, serious value is there to be unlocked.
Cuadrilla had its shale for free. Over 1 million acres.
Surely given what we know today there is value. And the upside is getting bigger for good shale plays due to technology and experience developing. Great!!
$ 60.000 per acre
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