I just bought my first tranche, so sorry for the s/p fall earlier today :)
Anyway, I live in Washington County, OH (just about two miles from the Reno, OH office) and work in Tyler County, WV, drilling is VERY heavy in my area. And, I mean MHR is ALL over the place here! There are so many gas & oil workers that we are now experiencing a housing shortage, new hotels are being bulit, RV parks are filled, people are renting sections of their yards for RV's.
They have MASSIVE amounts of 20" pipe in a field right off of Rt.7, between Marietta and Reno.
I also own KOG and I think MHR will rival KOG within the next couple years.
I agree. Control of the take away capacity will allow them to drive great deals on additional acreage.
Gary has commented several times on the value of being in control of things. You can control timing and gain value be being a sole source provider.