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Marketplace Morning Report

Why "landmen" don’t benefit from low gas prices

Stan Alcorn May 4, 2015
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The price of crude oil is up from its lows of the last year, but at $59 a barrel this morning, that still about half what it was 11 months ago. This is great for consumers of oil, drivers, businesses and beyond. But it’s a challenge for many who work in the oil industry, including what are called “landmen,” people paid by oil companies to get rights to drill. We visit one land person, in Eddy County, New Mexico.

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