New IPAA chairman wants more wildcatting

Jerry Jordan wants to encourage independents to return to wildcatting.Last week, Jordan, president of Jordan Energy Inc., was elected chairman of the Independent Petroleum Association of America at the group's annual meeting in Dallas.Jordan said, "To a certain extent, I think the independent sector has lost the will to explore. When I travel around the industry, I don't hear a lot about wildcats and exotic acreage plays. A few years ago, it seemed everybody was excited about exploration."Lately, we've been essentially trading properties."We're in the banking business, not the exploration business. The banking business is great-everybody makes a little money-but we're going...

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