Tudor Pickering: Proof of concept defines unconventional value

摘要

Public trading metrics influence A&D markets and the prices buyers must pay to seal a deal, says Ward Polzin, of Tudor Pickering Holt & Co.And in unconventional resource plays, the price per acre (whether embedded in an acquisition or a joint venture) increases as the proof of concept progresses, from an idea, to proved developed producing (PDP) reserves, to a full development model that is verified.