New Report Finds Property Values Not Affected by Pipelines
Can we finally lay to rest the old canard that putting a pipeline across someone’s property lowers that property’s value–or makes it impossible to get a mortgage? Those lies have circulated for years. A new study commissioned by The INGAA Foundation finds, “The presence of an underground natural gas transmission pipeline does not affect the sales prices or value of residential properties.” The study, titled “Pipeline Impact to Property Value and Property Insurability” (full copy below), looked at suburban areas outside of Cincinnati, OH, a rural neighborhood in Clinton, NJ, a master-planned residential community in Prince William County, VA, a small town subdivision in Dallastown, PA, and a suburban area near Jackson, MS. In each and every area the study found “no negative impact on price, and no correlation between price and proximity to pipeline easement.” Case closed…
Read More “New Report Finds Property Values Not Affected by Pipelines”
There was a small fire at an Antero Resources well pad in Doddridge County, WV last Thursday. Antero immediately shut down the four producing natural gas wells and contacted local first responders who put the fire out. The important news is that (a) nobody was hurt, (b) the environment was not harmed, and (c) the wells are secure and there is no danger. What happened is this: When natural gas comes out of the borehole, more than just methane comes out. Along with methane comes other hydrocarbons and water. There is a separating unit on the pad to strip out the water and some of the other substances from the methane. That unit failed, allowing some methane to escape which then caught fire. The good new is that safety precautions worked and the fire did not spread. Below are the details…