We need to remember the primary reason that incentives are given. It's not to make more money, necessarily. It's to make more oil, more gas, because production of fuel for our nation is essential to our economy and essential to our people.
We have audited 71 percent of the property on public lands. We look at the value of that production at the lease.
We won't see 90 percent of production hitting market for another three months or maybe year's end.
Our experience tells us we could expect wells to be drilled within a couple of years after the lease sale occurs. Production is something else. Production could occur within three to four years.