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GasBuddy News Article

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Fracking: Landowners profit from oil and gas boom

WKYC.com -- The garden on Richard Faber's farm produces all sorts of fruits and vegetables, from tomatoes to watermelons.

Turns out Faber's land is rich in natural gas and oil, at least that was the bet investors were willing to take when they approached him about leasing his mineral rights to them.

Faber ended up leasing land to Shale Investments for a price: $701,580. But, he says, he did extensive research search before signing a lease and attended several meetings held by companies who were interested in his land.


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Submitted Oct 31, 2012 By: drpepperTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Fracking: Landowners profit from oil and gas boom Back to Topics
REPLIES (newest first) Post a Reply
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kyjlh
Champion Author Kentucky

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Message Posted: Nov 1, 2012 7:09:57 AM

good retirement and he done research first
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jethro5000
Champion Author Kentucky

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Message Posted: Nov 1, 2012 5:59:37 AM

??
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MAC48
Champion Author Dallas

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Message Posted: Oct 31, 2012 11:50:52 PM

Aviator Rob -- Once a successful, i.e. finds sufficient quantities of oil or gas, well is drilled and starts producing, the likely hood that the drilling/production company will stop producing, cap the well and move to new sites is quite slim since the company will definitely want to produce enough oil or gas or both from that well to pay for the cost of drilling the well in the first place. It is irrelevant that other fields open up. The only reason that producing wells are caped is that the well quits producing and then requires redrilling or fracking to get the well producing again which means a new decision point on whether the additional cost to get the "old" well producing again can be cost justified.

PS - The wife and her two brothers have 50% rights on 600 acres of land down near Comanche Texas that they would be glad for some company to explore.
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OGW
Champion Author London

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Message Posted: Oct 31, 2012 11:10:07 PM

By drilling on private land, more individuals can build a good retirement fund for themselves and their family.
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OGW
Champion Author London

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Message Posted: Oct 31, 2012 11:02:46 PM

Better driprite land so at least the landowner gets some good return as much of their land will be useless after the drilling companies leave.
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Aviator_Rob
Champion Author New York

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Message Posted: Oct 31, 2012 10:58:11 PM

If the government opens up drilling on public land, won't Big Oil just drill there? No more high priced mineral rights and leases for the private landowners?

There goes the gravy train.
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pbear316
Champion Author Akron

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Message Posted: Oct 31, 2012 10:55:41 PM

Ok
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Aviator_Rob
Champion Author New York

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Message Posted: Oct 31, 2012 10:54:33 PM

Can cows survive on fracking fluid? They'll be drinking plenty of it.
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WIWalt
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Message Posted: Oct 31, 2012 10:53:45 PM

Good for him
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Gas4Gore
Champion Author Detroit

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Message Posted: Oct 31, 2012 10:53:28 PM

Okay
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clermont40miles
Champion Author Cincinnati

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Message Posted: Oct 31, 2012 10:52:53 PM

Frack early. Frack often. Produce. Transport. Sell.

Green is red.
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drpepperTX
Champion Author Texas

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Message Posted: Oct 31, 2012 10:51:36 PM

"I'm curious to find out how much the land is worth after fracking. My guess is: not munch."
===================
Your guess is wrong, as a Realtor I can tell you that oil and gas production enhance land values.

We have an old saying here in Texas. "An oil well in the south forty is improved pasture!"
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mageetp
Champion Author British Columbia

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Message Posted: Oct 31, 2012 10:47:47 PM

Looks like they did all right, good for them.
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regasaz
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Message Posted: Oct 31, 2012 10:45:22 PM

As well they should.
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GRUMPY55
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Message Posted: Oct 31, 2012 10:44:38 PM

ok
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naspa
Champion Author Cleveland

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Message Posted: Oct 31, 2012 10:42:42 PM

I'm curious to find out how much the land is worth after fracking. My guess is: not munch.
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SavALot
Champion Author Virginia Beach

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Message Posted: Oct 31, 2012 10:37:04 PM

Isn't this the way it should be?
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ican2step
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Message Posted: Oct 31, 2012 10:30:24 PM

Sweet
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abcdMA
Champion Author Worcester

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Message Posted: Oct 31, 2012 10:27:51 PM

at least some people can benefit here, the rest of us suffer the dire consequences of failed leadership
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Greenbuck97
Champion Author Tennessee

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Message Posted: Oct 31, 2012 10:24:22 PM

They're be somebody there to help. next gen business.
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acknot
Champion Author Seattle

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Message Posted: Oct 31, 2012 10:22:52 PM

When the lease runs out, I wonder if the soil will be able to support any crop at all.
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BizBombe
Sophomore Author Baltimore

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Message Posted: Oct 31, 2012 10:20:27 PM

more greed
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Is246
Champion Author Albuquerque

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Message Posted: Oct 31, 2012 10:17:15 PM

Interesting.
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DustyHorse
Champion Author Virginia

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Message Posted: Oct 31, 2012 10:15:02 PM

You bet the landowners are making some money.
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wayoung56
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Message Posted: Oct 31, 2012 10:13:54 PM

Interesting article...
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humblepie
Champion Author Toledo

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Message Posted: Oct 31, 2012 10:13:30 PM

thank god for governor kasich
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36IHBinder
Champion Author Illinois

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Message Posted: Oct 31, 2012 10:11:51 PM

I have read both sides. Not sure who to believe what is right and good
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jrsva
Champion Author Virginia

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Message Posted: Oct 31, 2012 10:10:57 PM

“Ohio's economy stands to gain $4.8 billion and roughly 65,000 new jobs by 2014, according to a study by researchers at several Ohio universities . . . .”

And still some of these GB wingnuts keep shouting that the Obama administration is stifling oil and gas development. Pull heads from sand and look around; we’re producing more oil now than for years and there is a glut of natural gas.

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LCSTEELERBOB
Champion Author Gary

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Message Posted: Oct 31, 2012 10:10:44 PM

wish i could
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chillyman3
Champion Author Illinois

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Message Posted: Oct 31, 2012 10:08:42 PM

Ok
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BREW9
Champion Author Tampa

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Message Posted: Oct 31, 2012 10:05:31 PM

ok
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mstearno
Champion Author Dayton

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Message Posted: Oct 31, 2012 9:57:53 PM

shouldn't they?

or should we spread that wealth also?
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PizzaMon
Champion Author Philadelphia

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Message Posted: Oct 31, 2012 9:57:36 PM

Lucky landowners.
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Blue48
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Message Posted: Oct 31, 2012 9:53:49 PM

GOOD NEWS FOR SOMEBODY!
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southrob
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Message Posted: Oct 31, 2012 9:52:59 PM

dhan for a better economy
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diesel8888
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Message Posted: Oct 31, 2012 9:51:36 PM

Ok
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ruca2012
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Message Posted: Oct 31, 2012 9:51:08 PM

alright
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bcok
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Message Posted: Oct 31, 2012 9:49:15 PM

ok
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Vitobug
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Message Posted: Oct 31, 2012 9:49:04 PM

ok
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hcivic
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Message Posted: Oct 31, 2012 9:47:04 PM

sure they r
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jalan25
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Message Posted: Oct 31, 2012 9:42:05 PM

Lucky for him
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VanIsleLes
All-Star Author British Columbia

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Message Posted: Oct 31, 2012 9:40:14 PM

Good
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skybiker
Champion Author South Carolina

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Message Posted: Oct 31, 2012 9:37:24 PM

Everybody profits...good
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Dodge_Me
Champion Author Atlanta

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Message Posted: Oct 31, 2012 9:36:26 PM

Good for them
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Mr_Bill_W
All-Star Author Virginia

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Message Posted: Oct 31, 2012 9:33:35 PM

Okay..
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30mpg80
Champion Author Lexington

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Message Posted: Oct 31, 2012 9:33:28 PM

Mineral rights can more than pay for tearing up some land.
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DEG
Champion Author Las Vegas

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Message Posted: Oct 31, 2012 9:33:11 PM

Good for the land owners that have mineral rights.
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megadiesellv
Champion Author Atlanta

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Message Posted: Oct 31, 2012 9:32:47 PM

of course, got to get paid. Evil capitalists lol.
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nwsynthetics
Champion Author Oregon

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Message Posted: Oct 31, 2012 9:32:31 PM

Great story. Glad it worked out. More could be like that if they open up more exploration and drilling. Vote for Mitt. We need a change.
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barbs24
Champion Author Virginia Beach

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Message Posted: Oct 31, 2012 9:31:27 PM

Lucky landowners
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