I think his point was about incomplete wells, not about drilling resources? And he was saying that many are in the same boat. Makes me wonder if many of them drilled the wells to keep leases from defaulting, but held off on production, no frack and no pipeline expense, to wait until gas prices recover, and to hold down capital costs?
Also it mentions that many of those wells are waiting on access to pipelines (as an added definition to their meaning of incomplete wells?)!!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.