Imagine my surprise to learn that only 2% of Texans own minerals rights. The rights of 2% of Texans override the rights of 98% of Texans. Tricia Davis who is the president of the Texas Royalty Council wrote an essay supporting HB40, the bill … [Read more...]
Update: Official: Mortgage lenders refuse loans on fracked property
Is your property leased for unconventional drilling and fracking? Sorry, no mortgage for you. Do you have unconventional drilling and fracking as a neighbor? Sorry, your property has been devalued. US Finance Post: Mortgages and Hydraulic … [Read more...]
New York Riesling: “Full bodied, with hints of lemons, limes and toluene”
Keuka Lake residents and wineries have second thoughts about letting a bunch of neolithic thugs frack methane into their drinking water . And dodging frack truck convoys on their way to the annual harvest. Imagine that. Team Jeff & Jodi have the … [Read more...]
No mortgages on homes with leases
Houses for shaleNew mortgages unavailable for properties with gas drilling leases, By Linda FieldsIn a memo, a top executive at the bank writes it would be “very difficult to obtain financing due to the potential hazard.” The memo continues, “Also if … [Read more...]
Fower Mound Property Values Fracked
Flower Mound Drilling Impact StudyThe summary is on page 8. The bottom line is a -3% to -14% if the property is within 1000 feet of a well. There are some flaws in how they conducted the study. They did not take into consideration neighborhoods that … [Read more...]
Shale drilling issues highlighted on national blog Daily Kos
Property devalued 75%! Where's your "Drill, Baby, drill" now?It has been on the list of recommended posts for hours and has over 200 300 comments.UPDATE: Oh come on, People! Who is surprised by this? What person in their right mind thinks that … [Read more...]
BREAKING: Intimidation tactics by Big Gas in the Barnett Shale
In the wee hours of the morning, Tim and Christine Ruggiero's mailbox was knocked down and so was Calvin and Tiffany Tillman's.The timing of these intimidation tactics indicates that industry understands the seriousness of the recent news about how … [Read more...]
Seventy Five Percent Loss in Property Values due to drilling
Where's your, "Drill, Baby, drill" now?Drilling can dig into land valueSaturday, September 18, 2010By Peggy Heinkel-Wolfe One year to the day after a company set up its drilling rigs on their land in eastern Wise County, Tim and Christine … [Read more...]
Barnett Shale health concerns highlighted in Statesman
As urban gas drilling expands, so do health concernsTexas environmental agency accused of lax monitoring, lack of transparency.Nicely done! But, is anyone else wondering why Fort Worth is broke with all the billions in Barnett Shale money rolling in? … [Read more...]
FHA Financing and Gas drilling
Ut oh! Get out your measuring tapes!William ColtonComments Regarding the dSGEIS for Natural Gas Drilling in New York State’s Southern TierVI. FHA Financing and Gas drillingMy staff came across this HUD regulation which deals with gas drilling … [Read more...]
Mortgages and Natural Gas Leases
This is in Pennsylvania but it's only a matter of time, a few more people who just walk away from their homes, and a few more pipeline accidents until...Some properties may need to be re-mortgaged if gas leases signedPotential environmental damage to … [Read more...]