Follow the money. The adage applies in equal measure to prospective oil and gas plays as it does to darkened parking garages, manila envelopes and scandals involving the president of the United States.
Calgary-based junior Yoho Resources Inc. paid an average price per section of $20,000 to get into Alberta’s budding Duvernay shale, president and CEO Brian McLachlan told an investor forum this spring.
Today companies are forking over as much as $3.5 million for the same parcel of land, he says. Below is a look at how the Duvernay stacks up as an oil play against a better known – but still developing – rival.