RE:All that matters Morning JD, and all....
Your assesment might be right on, but to me your undervaluing BBI. At 15k boe/d is revenue of roughly $275 million per year at $50 p/b. And BBI could easly achieve that with the drilling of only 10 more wells up north, which would leave them an inventory of roughly 1485 more wells for future growth....
Plus you just had Apache just sell their 75 sections for roughly 1.2 billion. That land had 9 wells drilled when sold, and only 2 pay zones, the middle and lower motney..
This is just my thoughts