Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values

By Michelle Conlin | December 12, 2013

  • December 12, 2013 at 11:42 am
    Boonedoggle says:
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    Doesn’t Los Angeles have zoning ordinances? If so, does the zoning allow industrial operations in residential neighborhoods? Do the drillers need to pull permits?

    If the drilling is non conforming, then the answer for the homeowners should be simple enough. Demand the enforcement authorities for the agencies of jurisdiction order the wells removed.

    • December 13, 2013 at 8:51 am
      txmouthbreatherboogereatertx says:
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      Boonedoggle:

      LA does have zoning ordinances. The Bloods are in one zone and the Crips are in another.

  • December 12, 2013 at 12:13 pm
    ExciteBiker says:
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    In Denton TX, there are gas wells quite literally in the shadow of the school’s brand new platinum LEED certified building, right next to their windmills. The wells are fracking right under the campus.

    I think it is a reasonable position to support fracking/gas drilling but oppose wells and processing facilities anywhere near residences, schools etc.

    Make no mistake. Let’s be clear. Gas drilling is a heavy industrial operation. It is fully and totally incompatible with residences, neighborhoods and populated areas.

    http://ntdaily.com/wp-uploads/2013/09/5_fracking_17-300×336.jpg

    Look at that picture. Would you all send your kids to UNT knowing they will be breathing goodness-knows what chemicals every minute they are on that campus? Would you buy the house from the man described by this article?

    You don’t have to be a tree-hugging hippy to raise a red flag here.

  • December 12, 2013 at 1:30 pm
    Broker says:
    Hot debate. What do you think?
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    What does this have to do with insurance??? More and More this publication is looking like the Huff Post.

    • December 12, 2013 at 5:26 pm
      MeIsEinstein says:
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      Agreed, I too have begun to notice this site is looking more and more like NBC.com and at this rate can’t imagine the link being in my favorites for much longer.

      Remember editors, an insurance site should be just that, INSURANCE related topics.

      With Much Love,
      Your Hometown Insurance Agent.

  • December 12, 2013 at 1:32 pm
    Scott says:
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    I would wonder if and when the realtor knew about the potential oil operations during the sale. That would make it a Realtor’s E&O situation, which IS insurance related. (But I do agree with you, Broker!)

  • December 12, 2013 at 1:48 pm
    TX Agent says:
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    Remember “Drill baby Drill”???? Well US is now the worlds leader in oil and gas production yet our gas prices have remained about the same..hmmmmm……If we have more supply and the demand is about the same…hmmmm should we be seeing $1.50 to $2.00 per gallon???? hmmmmmm

    • December 12, 2013 at 1:53 pm
      Broker says:
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      Gov’t owns ~85% of the Worlds Oil & Gas. Oil is traded exclusively in $’s. The $ price of a barrel is largely reflective of the value of the $. FYI, the Oil industry makes ~4% on selling gasoline, it has become a by product. They make ~8%+ on the other products they sell.

      • December 12, 2013 at 2:11 pm
        me says:
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        Not to mention the designed diminished refinery capacity

      • December 12, 2013 at 2:23 pm
        Agent says:
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        Hidden due to low comment rating. Click here to see.

    • December 12, 2013 at 2:16 pm
      Caldude says:
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      Gasoline has become a convenient way to gather taxes. National average is .50 per gallon.

    • December 12, 2013 at 2:26 pm
      Agent says:
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      Hidden due to low comment rating. Click here to see.

    • December 12, 2013 at 3:07 pm
      Dave says:
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      Well gasoline prices in many areas reached over $4.00 a gallon and are now much closer to $3.00. Plus the result of all this drilling hasn’t really yet hit the market yet. When the Dems and Republicans were arguing over ANWR the Democrats were the first to say even if we drilled in ANWR it wouldn’t impact gasoline prices for 5-10 years. Proably nees to take more time. Another thing which will effect gasoline prices is more use of natural gas in transportation. That still has to be less than 1%.

  • December 12, 2013 at 3:10 pm
    Original Bob says:
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    My town changed the zoning on the land around my residential property to bring in a new company to help pay for a large debt obligation that was coming due. I was fortunate that the company that came in voluntarily compensated me for the loss in value of my home. I can empathize with these homeowners. It is a symptom of the times that towns need money to pay for the lack of sound budgeting by past generous city governments (generally not by the people currently in office).

    • December 17, 2013 at 12:33 pm
      Agent says:
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      Hidden due to low comment rating. Click here to see.

  • December 12, 2013 at 3:11 pm
    sl says:
    Hot debate. What do you think?
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    Did some folks parents forget to teach them about name calling? It is hard for me to believe that insurance professionals are really writing these comments, with all the name calling they contain.

  • December 12, 2013 at 3:16 pm
    idk says:
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    Everyone is an environmentalist when this crap is in their own backyard.

  • December 17, 2013 at 9:30 am
    Chris says:
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    I’m one of those people. Can’t sell my house for near what it’s worth. I tried. I lost at least 50% of sale price. My homeowners insurance tripled, yet still doesn’t cover gas drilling problems, let alone earthquakes. I have no usable water supply. What a nightmare this has become!



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