Here is an Austin Chalk Trend map for the area of interest :
Encana is not paying $350 an acre in Wilkinson. They paid a handful of people $225 right before they went back down to $200, and they then stopped all leasing in Wilkinson. If people are getting $300+ it is from lease flippers, and not from any of the major players that are actually going to drill. They may get $300 if they are sitting on a purposed unit site, but that would be the only way.
My understanding is the 350 was on a large contiguous block. SIngle landowner one signature.