[Recon Dad]

I was thinking the exact same thing. These oil companies take out cheap leases and sit on the land and unless you threaten them they will do nothing until forced.
They hold the lease as leverage to hammer the state for lower taxes. Well the only way to get them off the dime is to push them a bit.

[proud_yank]

These oil companies take out cheap leases and sit on the land and unless you threaten them they will do nothing until forced.

What kind of a business model is that? Numerous drilling applications had been submitted for the Pt Thompson lease that were denied by the state.

If lease development is held up, it is either because it is deemed uneconomical to do so or because of frivilous lawsuits and regulations. Which of those would you guess accounts for more 'hold up'?