Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:35 AM

GasBuddy News Article

40
votes
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.


Read the Full Article

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
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,748
Points:1,094,040
Joined:Feb 2005
Message Posted: Nov 1, 2012 7:09:57 AM

good retirement and he done research first
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,153
Points:873,785
Joined:Jun 2005
Message Posted: Nov 1, 2012 5:59:37 AM

??
Profile Pic
MAC48
Champion Author Dallas

Posts:3,122
Points:1,215,035
Joined:Dec 2006
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.
Profile Pic
OGW
Champion Author London

Posts:6,863
Points:1,948,315
Joined:Sep 2005
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.
Profile Pic
OGW
Champion Author London

Posts:6,863
Points:1,948,315
Joined:Sep 2005
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.
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
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.
Profile Pic
pbear316
Champion Author Akron

Posts:4,260
Points:1,161,440
Joined:Apr 2011
Message Posted: Oct 31, 2012 10:55:41 PM

Ok
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
Message Posted: Oct 31, 2012 10:54:33 PM

Can cows survive on fracking fluid? They'll be drinking plenty of it.
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:3,902
Points:896,320
Joined:Mar 2012
Message Posted: Oct 31, 2012 10:53:45 PM

Good for him
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Oct 31, 2012 10:53:28 PM

Okay
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,503
Points:2,255,985
Joined:Apr 2008
Message Posted: Oct 31, 2012 10:52:53 PM

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

Green is red.
Profile Pic
drpepperTX
Champion Author Texas

Posts:12,887
Points:1,236,005
Joined:Apr 2011
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!"
Profile Pic
mageetp
Champion Author British Columbia

Posts:5,411
Points:1,104,520
Joined:Aug 2011
Message Posted: Oct 31, 2012 10:47:47 PM

Looks like they did all right, good for them.
Profile Pic
regasaz
Champion Author Phoenix

Posts:6,741
Points:1,637,650
Joined:Dec 2006
Message Posted: Oct 31, 2012 10:45:22 PM

As well they should.
Profile Pic
GRUMPY55
Champion Author California

Posts:3,086
Points:827,465
Joined:Oct 2011
Message Posted: Oct 31, 2012 10:44:38 PM

ok
Profile Pic
naspa
Champion Author Cleveland

Posts:3,640
Points:838,950
Joined:Jan 2012
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.
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,547
Points:2,188,510
Joined:Apr 2005
Message Posted: Oct 31, 2012 10:37:04 PM

Isn't this the way it should be?
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:3,846
Points:903,550
Joined:Feb 2012
Message Posted: Oct 31, 2012 10:30:24 PM

Sweet
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,154
Points:2,051,765
Joined:Nov 2008
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
Profile Pic
Greenbuck97
Champion Author Tennessee

Posts:6,629
Points:999,035
Joined:Mar 2008
Message Posted: Oct 31, 2012 10:24:22 PM

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

Posts:1,629
Points:911,290
Joined:Sep 2003
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.
Profile Pic
BizBombe
Sophomore Author Baltimore

Posts:100
Points:587,900
Joined:Sep 2012
Message Posted: Oct 31, 2012 10:20:27 PM

more greed
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,115
Points:707,805
Joined:Apr 2011
Message Posted: Oct 31, 2012 10:17:15 PM

Interesting.
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,277
Points:1,843,925
Joined:Oct 2008
Message Posted: Oct 31, 2012 10:15:02 PM

You bet the landowners are making some money.
Profile Pic
wayoung56
Champion Author Alabama

Posts:4,955
Points:1,290,210
Joined:Oct 2006
Message Posted: Oct 31, 2012 10:13:54 PM

Interesting article...
Profile Pic
humblepie
Champion Author Toledo

Posts:54,254
Points:2,859,615
Joined:Mar 2006
Message Posted: Oct 31, 2012 10:13:30 PM

thank god for governor kasich
Profile Pic
36IHBinder
Champion Author Illinois

Posts:5,185
Points:1,122,315
Joined:Jun 2011
Message Posted: Oct 31, 2012 10:11:51 PM

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

Posts:12,327
Points:2,100,125
Joined:Jan 2006
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.

Profile Pic
LCSTEELERBOB
Champion Author Gary

Posts:3,414
Points:836,570
Joined:Oct 2008
Message Posted: Oct 31, 2012 10:10:44 PM

wish i could
Profile Pic
chillyman3
Champion Author Illinois

Posts:1,470
Points:808,650
Joined:Jan 2012
Message Posted: Oct 31, 2012 10:08:42 PM

Ok
Profile Pic
BREW9
Champion Author Tampa

Posts:3,144
Points:3,397,815
Joined:Jun 2004
Message Posted: Oct 31, 2012 10:05:31 PM

ok
Profile Pic
mstearno
Champion Author Dayton

Posts:9,418
Points:2,131,935
Joined:Jan 2008
Message Posted: Oct 31, 2012 9:57:53 PM

shouldn't they?

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

Posts:6,314
Points:2,321,280
Joined:Jun 2006
Message Posted: Oct 31, 2012 9:57:36 PM

Lucky landowners.
Profile Pic
Blue48
Champion Author Illinois

Posts:9,593
Points:2,123,620
Joined:Feb 2007
Message Posted: Oct 31, 2012 9:53:49 PM

GOOD NEWS FOR SOMEBODY!
Profile Pic
southrob
Champion Author Tucson

Posts:5,791
Points:1,147,250
Joined:Mar 2011
Message Posted: Oct 31, 2012 9:52:59 PM

dhan for a better economy
Profile Pic
diesel8888
Champion Author Salt Lake City

Posts:3,147
Points:817,725
Joined:Nov 2011
Message Posted: Oct 31, 2012 9:51:36 PM

Ok
Profile Pic
ruca2012
Champion Author San Diego

Posts:1,761
Points:351,545
Joined:Oct 2012
Message Posted: Oct 31, 2012 9:51:08 PM

alright
Profile Pic
bcok
Champion Author Los Angeles

Posts:3,131
Points:1,864,630
Joined:Oct 2005
Message Posted: Oct 31, 2012 9:49:15 PM

ok
Profile Pic
Vitobug
Champion Author El Paso

Posts:2,817
Points:1,060,710
Joined:May 2011
Message Posted: Oct 31, 2012 9:49:04 PM

ok
Profile Pic
hcivic
Champion Author Virginia

Posts:6,112
Points:2,747,880
Joined:Aug 2005
Message Posted: Oct 31, 2012 9:47:04 PM

sure they r
Profile Pic
jalan25
Champion Author Indianapolis

Posts:2,705
Points:829,670
Joined:Sep 2011
Message Posted: Oct 31, 2012 9:42:05 PM

Lucky for him
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:330,895
Joined:Jun 2012
Message Posted: Oct 31, 2012 9:40:14 PM

Good
Profile Pic
skybiker
Champion Author South Carolina

Posts:8,888
Points:2,008,380
Joined:Jul 2008
Message Posted: Oct 31, 2012 9:37:24 PM

Everybody profits...good
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:922,940
Joined:Mar 2006
Message Posted: Oct 31, 2012 9:36:26 PM

Good for them
Profile Pic
Mr_Bill_W
All-Star Author Virginia

Posts:653
Points:657,560
Joined:Feb 2012
Message Posted: Oct 31, 2012 9:33:35 PM

Okay..
Profile Pic
30mpg80
Champion Author Lexington

Posts:13,959
Points:1,974,855
Joined:Nov 2008
Message Posted: Oct 31, 2012 9:33:28 PM

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

Posts:19,807
Points:3,964,055
Joined:Jul 2003
Message Posted: Oct 31, 2012 9:33:11 PM

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

Posts:1,474
Points:508,835
Joined:Sep 2011
Message Posted: Oct 31, 2012 9:32:47 PM

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

Posts:1,128
Points:499,410
Joined:Dec 2011
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.
Profile Pic
barbs24
Champion Author Virginia Beach

Posts:5,127
Points:2,515,650
Joined:Feb 2006
Message Posted: Oct 31, 2012 9:31:27 PM

Lucky landowners
Post a reply Back to Topics