"SM Energy announced in early August that it would pay just shy of $1 billion to add nearly 25,000 acres in the Permian, doubling its holdings there. A week later Parsley Energy saidit would acquire more than 11,000 acres for $400 million. Also, Concho Resources announced its decision to pay $1.6 billion for 40,000 acres in the Midland Basin in the Permian"
AKK now controls 100% of 15,773 acres in the oil and gas rich Florence field. Now i'm not saying the land AKK has is as fertile as the premiums the above companies paid for their land but damn it's exciting!
AKK Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
