re: Oil Field Rumblings

I'm saying public companies continue to get easy access to capital to drill uneconomic or marginally economic wells. What are the payout times on these wells? Many of these companies omit g&a costs and contractural gathering costs in their presentations to make these wells look profitable at 40$ oil. Look at the pile of companies who emerged from bankruptcy only to keep the same board and execs. How much capital do they feel they need to destroy?