RE:A small note & small revision.Good post. However I think the CPG deal with Spartan improves the likiliehood of a deal with Pipestone, more likely sooner than later as other interested parties may be under pressure.
We are seeing significant activity around Pipestone from new entrants (TVE, AAV KEL) and increased activity from existing E&P's beside Pipestone such as OVV and POU.
I think OVV, TVE, AAV obviously more likely interested in continuing the western base.
Paramount and CPG or even Hammerhead likely interested in coming up from the south-east.
Rumor had it that Pipestone could also form a spinco out of the east.
I believe we'll see something soon and management under pressure to make it happen.
Heard there is significant interest in this area from energy execs. We'll see.