Rogersville (XEC): Management isn’t ready to talk on its emerging Rogersville Shale position, but does hint that it has a sizable position (we think 100K+ acres), is surrounded by big-name neighbors (CHK, EQT, CLR, and COG), and confirms that acreage prices are starting to go for >$1,000/acre (XEC's entry price is well under that). For those new to the Rogersville, it runs through both Kentucky and West Virginia, and recent reports coming out of the basin highlight prolific vertical well results.