wolfcamp was a bargain purchase

http://www.dailytexanonline.com/content/university-expands-sale-oil-leases#

"... ConocoPhillips purchased tracts of land for between $500,000 and $2.3 million, according to the Land Office?s preliminary sale numbers. Official numbers will be released Thursday morning.

?We are always looking for good opportunities. We believe the tracts purchased today in Crockett and Reagan counties are among them,? said Davy Kong, a ConocoPhillips representative, in a statement for the company. ..."

I think that Wolfcamp could be sold for a multiple of what we paid.