i ever received a letter from stephen kriseman, president and ceo of the phoenix exploration, a small houston-based exploration company. he wrote the lease act is vital to the phoenix exploration and other small offshore oil and gas companies that were presented by the administration defacto drilling moratorium from fully evaluating many of its gulf of mexico leases acquired and fully paid for the federal competitive bidding process. he says it's very difficult for shallow water independent operators to put together the required business partnerships and track sufficient capital resources needed to develop leases the moratorium is in place and you can't use it but you're still paying for it. so the least active course will give these offshore energy producers and the certainty they need. let me give you another mix sample of how this can impact the economy. the case of the houston-based seahawk drilling, this is another smaller company that had leases. seahawk used to be the second largest contractor in the united states. they provide high-paying jobs to men and women in texas and acr