Bakken consolidation is here! Pumped to be back for this latest Deal Spotlight covering Chord + Enerplus. This deal makes sense in lots of ways: acreage, development timelines etc... One of the things quoted many times by Chord management is the under-development on the Enerplus acreage of 3-mile laterals. If true, this deal has a lot of legs give the acreage position of Enerplus and its place in the development window. At $3.8B - and PDP worth around $1.5B - meaning PUDs are around 50% of the value in this deal. Hopefully, Chord is right with their development expectations!

John Ferrell is my guest again, and he has some interesting views as to the performance of Chord's 3-mile wells and offers some interesting data points as to why Chord has been successful with their current 3-mile development.

Until the next deal, thanks for tuning in.

Helpful Links:

We use WellDatabase on the Sandstone Group's deal evaluations, saving us time and money. Check out WellDatabase HERE: https://welldatabase.com/

Follow John on his LinkedIn Here: https://www.linkedin.com/in/johnferrellsr/

Follow Michael on his LinkedIn Here: https://www.linkedin.com/in/michaeltannersandstone/

Check out https://survey.energynewsbeat.com/ and see what is coming around the corner as we expand services and products.

Highlights of the Podcast

00:10 - Introduction

02:40 - Deal’s Overview

07:12 - Financial and Regulatory Discussion

11:13 - Analyzing Acreage Consolidation

13:53 - Inventory and Productivity Insights

19:07 - Inventory and Productivity Insights

22:11 - Acquisition Potential and Product Mix

23:35 - Drilling Strategies and Operational Insights

29:49 - Market Speculations and M&A Enhancements

33:18 - Conclusion

35:41 - End