Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Great new article & video: Exxon, unconventional gas & fraccing
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>Total consideration for the acquisition is US$406 million (approximately US$3,500/net acre)

In Nov 2008, Statoil paid Chesapeake $5,625 per acre ($3.375 billion for 600,000 acres)

Of course the Marcellus shale is a proven play, so it's hard to compare with the Mako trough unproven tight gas play. But out of interest, my calculations show that Falcon got $2,430 per acre for the Exxon JV.


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