Such people, land-rich but cash-poor, may now submit their credits to the state treasury for a full cash refund whenever the state budget is in surplus.
Of course perennially land-rich and cash-poor Chesapeake was seeking to talk up its book at the time it was negotiating joint ventures, but that vast discrepancy between the values that the company was touting to shareholders in its presentations compared with ultimate deal realizations should just reiterate how little credibility McClendon has with investors.
"Our first fear is that the Bureau of Land Management has such a poor history of land management, " said Scott Silver, director of the Oregon-based Wild Wilderness organization.