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http://www.oilandgasinvestor.com/ma-wave-expected-grabs-delaware-basin-850266#p=full



The Midland Basin’s median 2016 price per acre was $17,265 compared to $26,807 in 2014.
“We believe the time is now for entry into the Delaware,” he said. “As the highest quality acreage will likely be the first to go, and as packages come off the market, a scarcity premium will begin to emerge in M&A valuations—similar to what is seen on the Midland side.”
Permian assets for sale:

• Energen: 30,000 net acres in Winkler and Ward counties, Texas, including about 1,300 boe/d. Estimate $7,000 to $10,000 per acre;
• Energen: About 22,000 net acres on the western side of Reeves County, Texas, in the Delaware Basin;
• Devon Energy (NYSE: DVN): A package in Martin County is being marketed, as well as other Midland acreage;
• Possible: RK Petroleum may be marketing a package including about 10,000 acres in Martin County at about $35,000 per acre; and
• Other potential sellers: Brigham, Centennial, Endurance, Jagged Peak, J.Cleo, Luxe, Patriot, Three Rivers and Silver Hill.

As to the conference’s debate over whether the Midland or the Delaware offers superior economics, Stevens said that “certain areas of the Delaware have been quick to catch up, while also continuing to possess more running room for additional improvement.
“Though we do not believe acreage in the Delaware is as uniform and consistent as it is on the Midland Basin side, the sweet spot areas could surpass the quality of many areas of the Midland at some point,” he said.