The Legacy release states that the acreage they have acquired is in the southeast. That area would seem to have very little if any existing Spearfish production and only a handfull of reservoir penetrations so the quality of the land is a question mark.
The economics of the play in the "core" area are great: cost of a well $1.0-1.5 million, gross reserves per well 70 000 bbls(+ some gas & NGLs), average IPs >200 bbls/day.
The slides are borrowed from this EOG presentation.
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