A Billion dollar Goal??, page-17

Col,

CWEI got $5,972/acre on that sale - presumption being it is PUD acreage (as in Proven UnDeveloped - meaning the Capex has yet to invested to get the hydrocarbons)

This link may be more accessible
http://finance.yahoo.com/news/clayton-williams-energy-sells-undeveloped-201500831.html

Even so at $6K/acre the "value" for AKK net acreage becomes more like $9M ($6k x 1,500). Of course there are adjustments to be made to allow for the producing wells (as in while that investment has been made - most by HK and they produce the hydrocarbons until those wells payout) and whats HBP in addition to net Reserves.

I'd like to think they get a reasonable price (as in much more than $4-$7M estimate using what LNR paid as a guide) based on the CWEI comparable.

Comes down to the perceived value I guess, not be a large continuous block.