There is a significant shift under way in the market for US onshore acreage, where companies are looking outside the Permian basin, and even outside of shale formations altogether, to find deals that can still produce profitably at current prices.
Acreage prices in the Permian are in no danger of deflating in the near term, with sizeable packages still garnering per-acre values in the range of $30,000 or more, but there are fewer and fewer companies that hold those types of positions who are willing to sell.
