🕐27.05.10 - 20:38 Uhr
Alberta Basin Bakken/Eckshaw Land Sale Results for May 23
Oil - Southern Alberta land prices continue to increase on potential
Exshaw/Bakken oil play moving up
from Montana.
Early this year (Jan 17, 2010 Energy Tidbits), we highlighted
the Alberta Basin oil play in
Montana noting the focus from players such as Newfield and Rosetta in this
potential Bakken and Exshaw oil play in northern Montana and that the
players hadnt noted how far the play went into Alberta.
We subsequently
highlighted Quicksilvers movement in this play.
Two weeks ago, we noted the
high land sale prices on the border in the April 21 land sale, and this
weeks land sale, GMPs Oil & Gas Analyst Peter Doig noted that there were
more high prices paid on the border, with prices now up to $1,953/hectare,
[$4825/acre] and the upcoming land sale postings.
The lands bought were
under broker names, but the likely candidate is probably
someone like Quicksilver.
We attached Peters map with the land sale prices.
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