By
DENIS FALLON, KATHRYN FURMAN, HOLMES HAWKINS, III, CRAIG LEDET, JEFFERY MALONSON, ABBY PARSONS, BEN POLLOCK, THOMAS SPULAK | KING & SPALDING
Oil and gas exploration companies no longer have to go door-to-door, or ranch-to-ranch, to negotiate oil and gas leases with individual mineral interest owners.
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/ Published July 7, 2017 at 3:00 PM
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On December 31, 2014, when the price of West Texas Intermediate crude oil dropped 50% from summer prices that year to just under $55.00 per barrel, experts predicted there would be a flurry of industry restructurings.