Posted Jun 15, 2018, 2:53 PM
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Never Dell
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Join Date: Jul 2001
Posts: 19,804
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Similar to that. Early booms cut the acreage incrementally but the current one is probably cutting it by half, or maybe 2/3 if it keeps going (I'm now guessing it's been faster than my last guess). Or let's say 2/3 from 2006 to 2018.
But it's like a half-life. In any boom, some land owners (half?) decide to wait for the next one, or they're absentees and don't even think about it, or they try to get a project together but fail.
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