What is the present value of 1 acre of minerals leased in the core of the play that is presently unitized by a proven HS producer (HK, CHK, ECA, Questar)?
I wouldn't advise anyone to sell there mineral rights, but what is the PRESENT going rate.
Some people misunderstood my EUR discussion as misunderstanding the time value of money. That is not the case. Since it has been brought up a couple of times, let's dig into it deeper.
Do you think that ECA and others are unitizing these other formations "for good measure" while they're at it or do you think it is because of core samples and logs that they have seen from existing wells.