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Oil Prices & Duck Leases
Posted on 8/10/15 at 1:55 pm
Posted on 8/10/15 at 1:55 pm
If my memory serves me, I believe last winter folks on this board predicted that if oil prices stayed "this low" ($40-$60) then Louisiana would see more duck leases on the market next season (2015-2016) and therefore lower lease prices. I presume that this would be from companies that could no longer afford costly T&E expense or employees getting laid off or cut back and dropping leases. Has anyone noticed that to be case yet? Seems just as expensive as always to me, but I don't follow it that closely.
4
Posted on 8/10/15 at 2:13 pm to tiger09
Won't happen IMO.
Even if it does, it'll be a shitty lease that Joe Bob who got laid off can't afford anymore.
Even if it does, it'll be a shitty lease that Joe Bob who got laid off can't afford anymore.
This post was edited on 8/10/15 at 2:17 pm
Posted on 8/10/15 at 2:18 pm to tiger09
In theory, yes. But this would require more continuity of lowered oil prices (i.e. 10-15 years, IMO).
This post was edited on 8/10/15 at 2:19 pm
Posted on 8/10/15 at 2:21 pm to tiger09
I thought it might with all the service companies having trouble, but I haven't seen it. We will probably be next summer before we see stablized oil prices again.
Posted on 8/10/15 at 2:22 pm to tiger09
Dr.'s, Lawyers, Financial guru's still have $... I'm sure there may be a few leases that come available because an oil service company may give up one here or there, but I don't see it causing a price drop...
Posted on 8/10/15 at 2:45 pm to lsugolfredman
oil bust in 80s didn't lead to duck leases coming available....
3 and 30 of the 80s did...
3 and 30 of the 80s did...
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