They are never out of money. They are business people and are waiting to see results from current drilling activity, seismic surveys, and are aware that landowners are getting wise to the way the game is played. Any landowner that signs a lease in a hot county for anything less than $4k to $6k (wet gas & oil plays, not nat. gas) is living under a rock. The wildcatting days are over so to say. With all the technology available today, they are going to approach this methodically.
Because things are slowing down and the money has "disappeared" only shows that they are unsure of their geologic data and don't have enough certainty with their geologic data to seriously go full steam ahead blast whole counties with billions of dollars.
I think making that much acreage available to lease by one group is silly. Theres only a few companies that can lease that much in one shot so the group really is limiting the number of available bidders and thereby the competition.
I feel bad for Trumbull, I wrote this last year, August. I wish someone come clean and say why Trumbull really fails to get the big offers. I believe it is infrastructure.
Feel bad for no one!!! Thank god we live in a democracy!!! The people will speak!!!
We don't live in a democracy.