are there any disadvantages or safety concerns with living near an oil and gas well?
a company is trying to drilla gas and oil pump in my neighborhood. they need the permission of the property owners in the area and have come to my home asking for me to sign papers giving an ok. they said that i would get 0 when drilling began and that they never would enter my property. i just want to know if this is a bad thing for the neighborhood or environment.
March 7th, 2010 at 10:36 am
Usually a person or company who has mineral rights does not need your permission to extract the minerals this includes oil and gas. If they really need your permission then it is worth a lot more than $100.
In general, unless you are getting royalties from the well, it is not a good thing. Even if the drilling and completion are uneventful, there are long term risks of equipment failure leading to oil spill, fires and maybe an explosion. I’m not saying these will occur but there is a possibility.
March 7th, 2010 at 10:36 am
Da! Have you ever seen the after affect of a natural gas explosion?Look it up.