Ann: Further Step-Up in Drilling and Completion Activity, page-4

"It is now clear, that Industry participants who are looking to establish themselves in the play will need to do so through corporate acquisitions and that per-acre valuations (that have already seen a ten fold increase) will therefore move toward the discounted cash flow metric.

The Anadarko Basin margin (STACK and SCOOP areas) are seen to host two world-class resource plays in the Woodford Shale and the overlying Meramec and Sycamore with up to five productive benches in some areas. These are long contiguous fairways that cover approximately 3 million acres that are starting to generate “Permian Basin Play” type valuations."