But neither would it give Sally anything to do (except reissue them for more bids).
Look, ppl pay for a lease. They don’t get “torn up” or the noney refunds.
This expired. It’s the most likely explanation. They didn’t drill and only drilling and producing stops the expiration clock.
Colorado is not going to be an energy boom at $45/barrel. Period. This is propaganda from our own side. Hell, the Bakken yesterday reported declining output, as it has all year.
There was never a technological miracle for shale. There was price, and only price. The technology is 40 yrs old.