EQT Offers Neighbors Near Finleyville Drill Pad $50K for Nuisance
ProPublica has a new story claiming that Marcellus driller (and midstream company) EQT has done something really unusual in Washington County, PA. The company, last year, was in the process of drilling 12 wells on a single pad. With all of the trucks and noise and dust, it didn’t take the neighbors long to start complaining. EQT attempted to address those concerns, meeting with neighbors and conducting air tests, etc. However, after apparently growing tired of the hassles, EQT finally just offered each household/neighbor near the pad $50,000–if those neighbors would sign a “nuisance easement” that pretty much says the neighbors absolve EQT from any damages for anything related to their drilling and pipeline operations…
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Yesterday the Ohio Dept. of Natural Resources (ODNR) released production numbers for 2013 and the numbers were truly impressive. ODNR says all oil and gas wells (conventional and unconventional/shale) in Ohio produced 8 million barrels of oil and 171 billion cubic feet of gas in 2013. Compared to 2012, Ohio’s total oil production increased by 62% and natural gas production increased by 97%. The increase in natural gas is due almost entirely to the Utica Shale…
We have to wonder, is PA State Rep. Rosita C. Youngblood (Democrat from Philadelphia) actually brain dead? At a minimum she’s an economic ignoramus, understanding 0% about economics and business and what it takes to make a successful business. Youngblood had the temerity (stupidity?) to write an editorial for the Philadelphia Weekly Press in which she says casinos in the state are taxed 55% of all money that passes through their hands, and therefore a measly 5% (or even 10%) severance tax on shale drilling is peanuts. Uh, Ms. Youngblood, have you ever heard of the concept of risk in business? Or profit?…