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Net Developed Acreage # reflects the number of acres which are allocated or assignable to producing wells or wells capable of production.
The historical rank and industry rank for Williams's Net Developed Acreage # or its related term are showing as below:
The historical data trend for Williams's Net Developed Acreage # can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Williams (BSP:W1MB34) Net Developed Acreage # Explanation
Net Developed Acreage # is the amount of leased real estate that a petroleum and/or natural gas company holds, pertaining to a company's true working interest. If a company holds the entire working interest for a particular project, its net acreage and gross acreage will be the same.
Net acres can be construed as a measure of a company's potential for revenue, and increases or decreases in the figure are indicators of expansion or contraction. It can be calculated on a per project basis by multiplying the gross acres with the percentage of ownership.
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