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[QUOTE]Originally posted by Happy Valley: [QB] [QUOTE]Originally posted by IWISHIHAD: [qb] I had a water well redone, and this guy also does new oil wells. A lot of land owners in different states are now releasing their oil rights and allowing him to drill more wells, so maybe more smaller guys will get in. - [/qb][/QUOTE]I don't entirely disagree with smaller operators participating but when dealing with a commodity that effects entire economies on a global level, it needs to be done responsibly. I think all of these smaller operators are a large contributor to the collapse in oil and gas prices. At $100 oil, even the chucklehead operators could pay the bills but now it takes 2 or 3 times the oil production for these same operators to service the same debt. These inefficient operators that are in over their head have no choice but to keep the production wide open, regardless of price. Banks are just as much to blame here, they gave cheap money to every energy company with a good sales pitch. In the end, they will once again be the ones holding the bag. The lean and efficient companies will make it through this mess and the operators who had no business being in these large oil fields in the first place will have their acreage and production picked apart in bankrupctcy. [/QB][/QUOTE]
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