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Should citizen land and mineral owners be worried about fracking contaminants or chemicals? This has become quite a hot political topic sadly in our view due to ample misinformation, mischaracterization, and downright uninformed commentary. The primary concern revolves around the question of whether or not fracking taints fresh water sources used for human consumption. Several operators have made public the chemicals they use, in addition to independent websites which list them. In general, the industry is shifting to use more environmentally friendly chemicals.
Regardless of ongoing arguments, the fact is that fracking is the only feasible method to economically extract hydrocarbons from tight, low permeability shale formations that are abundant in the US. So until a safer or more efficient way is developed, well have to stick to what works. As you may suspect, theres no shortage of naysayers. Some have chosen to totally ban fracking - Vermont (there is no oil & gas production in the state), France and Bulgaria to name a few, and others like New York and Quebec who have placed moratoriums on fracking pending further study. So whatever corner youre in...frack on or frack off, its a debate thats sure to continue.
It cannot be denied that domestic production of oil and natural gas has increased dramatically since the early s as a direct result of hydraulic fracturing combined with horizontal drilling. U.S. Oil production surpassed 7 million barrels per day at the end of for the first time since . Most people agree that home grown energy is important to foster, and thus take pride in the fact that we are reducing demand for foreign oil and gas. Increasingly, natural gas comes to the forefront as the alternative fuel because of its clean burning properties and its abundance within US shale reservoirs. Because of increasing public pressure, the process will likely become even more streamlined because of improved technology and thoroughly vetted additives.
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In short, landowners do not have a lot to worry about, nor do they have much say in how a well is completed. Regulation has been historically left to the states and it will likely remain so. There are a few things landowners should consider:
Can a well be drilled on our near my property?
What does my mineral lease allow for?
Does my oil & gas lease allow the company to access and use fresh water sources on my property? (most leases do)
If your property was leased in the past ten years, the improvements in production rates as a result of new fracking methods are often the reason why.
Mineral Rights Value - Short article explaining how to estimate the value of oil & gas mineral rights and what influences their value. Gain perspective on your minerals and royalty.
Oil & Gas Production 101 - Article explaining the drilling, completing, and testing of oil and gas wells in nontechnical language.
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