the landowners in mcmullen are happy campers. when your extracting valuable oil at present prices ($97 bo - $92 + $5 premium)your not going to complain when your first cheque is $1mill... gas is not a commercial exercise in the US, so bhp has to write down losses for their unwise decisions.. landowners are not happy with the method applied..
i think on texons acreages they are keen for olmos exploration right now also from what i hear
bhp's problem with shale gas assets purchased from chesapeake is not anything to do with texons exploration of the eagleford shale oil and the olmos oil exploration, bhp has Arkansas landowners disputing civil claims on prices paid for royalties
TXN Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
