VYEY was previously drilling heavily in the Permian Basin, Texas. This was prior to the law suit.
I'm not sure how the following facts are going to affect VYEY now, or in the future.
This is the email I received a couple of days ago, but just now got around to checking:
The Obama Administration is at it again.
Not content to destroy our economy through de-valuing our dollar, rampant inflation and profligate entitlement spending through Obamacare - now the Washington D.C. liberal elite are coming after jobs right here in Texas.
The issue at hand is the proposal by the Obama Administration to list as federally endangered - the “Dunes Sagebrush Lizard,” or sand dune lizard. Critics believe this proposal is an entirely politically motivated move to hurt the energy industry in America. Regardless, the listing of the sand dune lizard under the federal Endangered Species Act could devastate oil and gas production in the Permian Basin for at least two years.
Production in the following counties would be among the worst impacted: Gaines, Andrews, Ward, Winkler and Crane in Texas, and Lea, Chaves, Eddy and Otero in New Mexico.
Make no mistake - many businesses and jobs could be threatened by the potential eradication of oil and gas production in the above-named counties!
The U.S. Fish and Wildlife Service will hold a public information session and public hearing on the matter on Wednesday, April 27, at the Midland Center.
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