Hunt has given them 52,000 acres, and i can only see 6 wells on production for hunt over their eagleford acreages so far. 2 in gonzales and wilson and lasalle
I think hunt has about 120,000 acrea or more in the eagleford in many counties, so the 6 wells on that spread will not give them much punch on the deal. So the japanese buyer did well i think.
The numbers on their wells are not flash, many wells they have have produced in 6-9 months what texons wells have in a few months.
Texon by comparison has 4 wells on about 7,400 Acres as a guide.
TXN Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
