RE:Terry does not know how to answer Question regarding ARXnatgas in the $2 range has been a wakeup call
e&ps are going to see diminishing returns from all shale plays and shale is pretty much all there is left
costs are going up, inflation is setting in, higher interest costs on debt, diesel costs, labour costs, drilling costs
and since the best shale plays are either being exhausted or they are already exhausted .... truth is they're not coming back
the return on investment is getting smaller and smaller
it's stupid to exhaust your inventory at these low commodity prices, stop drilling
and maybe Terry is not talking well because he sees this
giving away your best resources at uneconomical commodity prices is dumb
be like Birchcliff and cut your capitol expenditure program if the market is telling you that there is too much natgas