"We're leasing nine times as many acres as we were, and we're still getting fewer dollars than we got before," says William Freudenburg, a former scientific adviser to MMS who coauthored a study of lease prices in 2009.
The study shows that before the 1983 changes, the price per acre averaged more than $2,200; after 1983, the average was $263. It's a decline of 88 percent. Freudenburg says one problem involves knowing what a lease might be worth. The oil companies have the resources to find out. MMS does not. (Source)
« Older The best iPad accessory ever.... | Some people really do have too... Newer »
This thread has been archived and is closed to new comments
Buy a Shirt