RE:RE:RE:ValuationsRex just have time to catch up on the advantage and longshore deal and it is more than acreage fitting like a glove or advantage being desperate for liquids.
The reality is longshore was forced to do this. Advantage got a smokin deal because longshore had no choice no matter the fact longshore land is probably lots of sweet spot. All those plays vary in thickness and pressure.
Longshore didn't own any gas plants. This is reason they are bailing while they can to a stronger company that does own plants.
even if longshore is drilling crazy oil rates...those cl wells produce ng that longshore would have to pay at least 80 cents to 1 dollar at a gas plant ...so think about the economics if ng gas plant costs are 80 cents alone.
very bad news unfortunately for companies like archer or Bne in that area. Shows it is going to be hard going if a smaller company and sell ng for 62 cents and pay 80 cents in processing fees or more