The phrase "acreage position" is correct and usable in written English.
It can be used in contexts related to land ownership, real estate, or agricultural discussions where the amount of land held or managed is being referenced.
Example: "The company is looking to expand its acreage position in the region to increase its agricultural output."
Alternatives: "land holdings" or "land portfolio".
The company said Friday that it had taken a stake in a large acreage position in Morocco held by Kosmos Energy, a U.S. exploration company.
Lower down the market Tangiers Petroleum jumped 43% to 0.75p after it made a successful bid for a large acreage position in Alaska.
This transaction and others will more than double Marathon's Eagle Ford acreage position, the company said.
It has also worked hard to assemble an enviable acreage position in Government lease sales.
The Cardium formation is an active unconventional oil play in which ExxonMobil has a significant acreage position.
Cabot Oil & Gas has a large acreage position in the Marcellus, as do Southwestern Energy and Consol Energy.
"We are acquiring a company that has one of the premier acreage positions in the prolific Marcellus," Chevron's vice chairman, George L. Kirkland, said in a statement.
The Company's conventional oil and gas assets consist of large acreage positions in select basins, including the United Kingdom North Sea, deep-water Gulf of Mexico and offshore West Africa.
That frustrating experience taught him the importance of big equity and acreage positions; and to "double the risk and halve the reward of anything" a geologist tells him.
As part of its global exploration programme, Shell said it had spent some $1bn on new acreage positions in the first half of this year, including deepwater, shale and tight gas, which is difficult to access.
"During this time, we rapidly increased our acreage positions in these unconventional plays as we won what we have called the 'gas shale land grab,'" says the website.
