Who has first hand EXPERIENCE with fracking?

First off, if you are in Ohio it is almost certain that they are going for Utica/Point Pleasant formations, not Marcellus. You can go look at the well permits in Ohio on the ODNR website if you don't believe me.

I'm going to have to respectfully disagree with Michael Smith - well pads are running about 3-5 acres excluding any access roads. Also, active drill rig count for NG has fallen off substantially. Rigs are being moved from PA to Ohio to take advantage of the wet gas/Oil play areas in Ohio. Where your 14.5 acres is located will dictate the amount of interest in your property. My sense is that competition for leases has slowed down quite a bit. Peak offers that I am aware of were $5,800/acre signing bonus and 20% gross royalties. CHK has publicly stated that the amount they are devoting to leasing is dropping by (roughly) 75%. My hunch is that there will be some consolidation among various palyers. REXX just did a $70 million share sale because their credit lines were being tightened.

You can always insist on a subsurface lease only as a condition of leasing. 14.5 acres is not much and if need be they will bypass you unless you are right in the way of where they want to go. They have to stay 500 feet off the property line of unleased property and with tight shale formations they are NOT going to suck the gas out from under your property.

If you have questions I suggest you go to gomarcellusshale.com.

Hope this helps.

Mike

A well can, and does, have thousands of gallons of toxic chemicals pumped into the frack fluid. Here in PA. the chemicals are not disclosed as it's a "trade secret". In reality they don't want to disclose that which can be directly pinned on the polluter, once the ground water is destroyed. There a plenty of cases of contaminated wells currently in our state, and the EPA stepped in to break up the criminally tight relationship that the state's DEP seems to have developed with the drillers. Now the drillers no longer pretend to be cleaning fracking waste by running it thorugh municipal waste water treatment plants that are not designed to process toxic waste, and discharge the radioactive and carcinogenic toxins into our steams, sometimes upstream of other municipalities fresh water intakes. The drillers are finding it harder to avoid dealing with the wells they pollute and are no longer getting a free pass from the state. Fracking is a disaster. Air and water pollution become major issues. Traffic explodes in rural areas, some places in rural PA. see traffic accidents at rates several times higher than before the circus came to town. The OP need to head east to the northern tier counties of PA. Spend some time meeting locals and asking how their lives improved? A few got quite wealthy, many got a lot less than promised. Most wish it it never happened.

I haven't got a problem with folks being anti oil and gas... who want's to find their little slice of heaven, and then have it muddled up by o&g exploration. However, I do get an internal giggle about folks being hypocrites.... when they complain about oil, but couldn't exist without it. As much as I'd like the world to find a new energy source, we're not going to get off oil anytime soon. Most of us exist because we live in the Age of Oil. If it were shut off tomorrow, we'd very quickly revert back to population levels below those prior to the Age of Oil.
There you go.... if only everyone knew what a landman/atty did, and they all went out and hired them to wrassle with their interests. It's always a sad day when I have to request payment before delivering the final research report...... because someone screwed the pooch and tried to negotiate their own interests instead of hiring a professional.... and they find out they lost everything... didn't retain minerals, didn't sign a 'lease', but a mineral deed, etc. Where they should be making tens of thousands a month, they got diddly. Unfortunately you can't see minerals... and by the time folks realize they're not in possession of everything they thought they did, it's too late!

__________________
Luck is what happens when preparation meets opportunity. Seneca
Learning is not compulsory... neither is survival. W. Edwards Deming

Congratulations, you've got the propaganda down pat. And once again you demonstrate that the facts just don't matter to a certain agenda driven segment of the population.

Yup I can show you an active fault line that you can walk up and see that crosses all the way through Houston.. Its easy to see in older places like Ellington AFB where runs across the road, and all the way up to the N side where it runs through folks back yards up off memorial drive where they have crack about 8" wide spanning the whole back yard.

OK, sorry. I guess I should be more specific and say no earthquakes in my part of TX. It's a big state. I never felt an earthquake in Dallas before. The quakes listed in the first article were either in far west TX or near the border in OK or LA. Only 2 of the earthquakes listed in that article have occurred since my Birth and they were 400 and 600 miles away. The largest was a 4.5. And Houston is 250 miles away.

__________________


http://americanfreepress.net/
http://www.barnesreview.org

I guess they had better frackers in Co Or maybe i wasn't where i thought i was doing what i thought i was . O well the pay was great i know i got that .

__________________
Check it Out O added another Plank With O care
http://www.libertyzone.com/Communist...to-Planks.html

Article about fracking...

http://www.freerepublic.com/focus/f-news/2848415/posts


.

__________________
If your presence can't add value to my life your absence will make no difference...

玉

(名)三位一體; 三個一組; 三人一組
.

Just been watching the documentary GasLand. Sure am hoping what is depicted is VERY RARE, or we are all in big trouble! We can live without gas or oil (although it would be a bit rough), but we can not live without water. And good water is already being used up in many other ways. And I am not an environmental activist BTW, in fact one could say I am a "conservative" politically. You can watch this documentary on Netflix (streaming) or you can watch on YouTube below:

Here in Washington Co., PA, we're surrounded by gas and oil development. There is a junction station right across the road from our house (which is set back only 30 feet or so from the road). Trucks are in and out of there frequently, which drives our dogs crazy, and I suppose if I had a mind to be annoyed by it, I could be, but generally I don't pay much attention to it.

__________________
"I love all of this mud," said no one, ever.

i just want to ad my 2 cents. (I agree with texican on the you are more or less forced to join for insurance reasons standpoint)

Not to long ago a big Dutch bank announced not to lend to companies (or farmers) involved in fracking:
http://www.rtcc.org/rabobank-no-money-for-fracking/
This stroke me as premature, for the discussion in the Netherlands on fracking.

The Rabobank doenst specify a reason other then that farmers should be able to produce save food products.

A search for recent scientific papers gave one result that was interesting enough to read:
http://www.archive.org/stream/Impact...press_djvu.txt

Seems to me fracking doest do to much damage on the short term. Things seem to go bad when the waste water goes into the environment. (And it might not even be the fracking fluids that do the damage but the stuff from the shale layer)

Henk

GasLand is essentially a lie from beginning to end and has been widely discredited by pretty much everyone with at least half a brain that knows anything about the subject. It's not a documentary, it's propaganda from the enviro-nazi equivalent of Joseph Goebbels.

Gasland 2 is about to be released, I look forward to seeing it eventually.

Hope you are right, cause otherwise we could face some serious problems. If it is as you say, they sure did a good job of falsely portraying all the info.

Yup you got that right. Fracing has been around for many years. Just that now they can drill horizontal and get more oil out of the same well.
And around here "Sand Mining" to help supply the oil industry is Big.
Course the sane mined here has many uses other then just for the oil side of things. From road beds to even making glass, ALL comes from these Sand Mines.

__________________
Oh my, dishes yet to wash and dry

See My Pictures at
http://smg.photobucket.com/albums/0903/arabianknight/

No doubt there is a lot of false and misleading information out there concerning fracking. I don't really have huge concerns with it. Methane gas is prevalent in this area, even in water wells, and no fracking has taken place here. I've been involved with water wells (locally) since I was a pup, but my knowledge of the industry is pretty limited.

I spent last fall and early winter in the Bakkens working for a hot oil outfit. The first four weeks being trained as a hot oiler, and the rest on a bobtail frac heater. Money was good, and actually the job was the easiest I've ever had...if you liked driving on roads that could be bad, icy, foggy, and with heavy traffic. That's one reason I left, plus I just don't like driving. The other...it is the most corrupt place I've ever been. And I havn't been much anywhere.

We did work on frac sites, and those were very professional people in my limited experience. I had chances to visit with the company men, and they were very competent. The established wells were sites where I found willy-nilly people. Chemicals (anti-corrosion, mostly) would be spilled, or a valve left open, or something else? It was just hushed up, and covered up.

In one instance EPA had actually been on site, where a string of pipe had been dropped and a well came alive. I doubt there would be any ill effects from some oil on the ground, but the cleanup was a farce! For the most part, no EPA, no anyone to be held accountable too, except the company man. How many dollars traded hands to keep EPA at a distance in most instances, I have no idea?

No safety training for the job, but you signed off for it? Common sense and a small understanding of pressures and pumps will go a long ways, but some had neither, and some sites you went to, you never knew what you were heating with a frac heater? They'd give you a list of tanks and tell you (supposedly) what was in them. You learned to crack a valve and check. Different fluids heat differently, and heated oil is very volatile! One dummy could make a simple job dangerous, and money attracts all.

I'm not pro or con, but anyplace where a lot of money is represented is going to be a place with lots of corruption. It felt like the industry was raping the area to me!

I left it, and hope not to go back to witness anymore. If there are no rains, I'll have to seek employment elsewhere to keep my dream alive. In a way, I'm glad it's there, and not in my backyard.

This post is filled with inaccuracies. If the cement bond is bad they go squeeze it. "Screw ups" happen. But there are at least 3 barriers between the frac string and any water potable sources. Fracing isn't done in water zones. There are usually thousands of feet of formation between pay zones and fresh water.

Sent from my SCH-I535 using Tapatalk 2

__________________
There is only one certain barrier to truth, the conviction that you already have it- Unknown

No DUDE, I'm no expert nor did I ever feel as such. Just saying what I saw from my perspective! There is no training or safety training, if you can breathe you've got a job. THe buck never stops, just keeps getting passed!

Another aspect of this debate that may have been mentioned by the producer of Gasland & GL2 in an interview I saw recently is that there's a problem with any line of thinking that since using methane to replace coal and/or oil in burning applications doesn't produce CO2, there's a lot of room for other problems since that greenhouse gas release isn't happening. Problem is that methane is around 9X as intense a heat trapping effect as CO2 AND there's typically over 10% (I seem to recall up to 17% leakage being cited) incidental loss of methane into the atmosphere from fracking to pipelines to valves going from one container to another. Hence, there well may be a net *increase* in greenhouse gas pollution effect by converting to natural gas.

OK, so reduce leakage with better design and regulation requirements. That reduces profits and the lines of thinking that I follow say that the overhead on oil and methane extraction is already so high, with rapid depletions after a year or two in even the best gas hits, that investment capital is getting hard to find, that the bottom line returns to initial capital are discouraging even now. Some fifteen years back, a friend involved in oil drilling investments got me into a small share ($12K or so) in one Texas horizontal-drilling exploration operation. Here's a YouTube set in a much more recent situation but it pretty well presents how that speculation went for me: