[Owen]

You happier with exiting vs exited? What exactly do you think GAAP requires after a write down?

Oh look, BP wrote off $521 million in the Utica. That must mean they will retain $XXX million forever.

[thackney]

You happier with exiting vs exited?

No. Selling off lower performing areas has been normal business for them for decades. It still would be wrong to claim they are giving up on shale plays.

BP wrote off $521 million in the Utica.

Quite a few different companies believed the Utica was going to be a better oil producer than it has proved to be.