US onshore acreage hits rock bottom prices

THE average price for US onshore acreage has fallen by more than 70% over the last two years, plunging to US$5000 per acre in 2020, compared to $17,000p/acre in 2018, according to Rystad Energy, thanks to onshore oil prices going through the floor.

US onshore acreage hits rock bottom prices US onshore acreage hits rock bottom prices US onshore acreage hits rock bottom prices US onshore acreage hits rock bottom prices US onshore acreage hits rock bottom prices

The consultancy firm noted the bargain bin rates will provide a financial push for consolidation in the shale industry over the short term to 2022.