How pleased are environmental groups with this PXP transaction? How significant is it for TPL?
People are ecstatic. We all entered this thinking that we didnt have anything to lose, and PXP had everything to gain by getting together in this kind of partnership. They have been great. Theyve listened to the groups. In particular, the local groups in Santa Barbara have to be acknowledged for being willing to get out in front and see if there was an opportunity to do something greater than just draw the line in the sand and say no. At the end of the day, these groups can oppose these things, but depending on what their favored politics are, it could still be approved in this area. This hasnt happened in a long time, but it could happen. They saw an opportunity to make something greater happen, and everybodys ecstatic.
