Wolf Wins PA, What does this Mean for Landowners and the Marcellus?

GMS members voted overwhelmingly for Corbett in our GMS Poll, so GMS landowners may be experiencing some angina this morning.

What does this mean for PA and the Marcellus?

Here was our poll...

Here are the actual results...

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Permalink Reply by Fred Flintlock on November 6, 2014 at 3:22am

Also a close realtor friend said it's hard to sell a house that is close to an existing well, if not impossible.

Permalink Reply by Frank Walker on November 6, 2014 at 3:34am

I have to agree with your friend.  There are innumerable instances of homes, near to where I live, which are close to wells but which are nevertheless just fine.  However, prospective buyers would, in my opinion, be suspicious regardless.  It's a problem only the passage of time can cure, and I'm thinking of years, not months.

Permalink Reply by Frank Walker on November 6, 2014 at 5:29am

I have some sympathy for that property owner, Jesse.  1.36 acres might be all they can afford.  I agree that's very little land.  I could almost spit across 1.36 acres.  My lawn is a lot larger than that!!

Folks living in the country on a tiny piece of land need to realize, though, how easily they can become victims of their land-owning neighbors.  There is no malice involved.  It's just the way things are.

When I was young, definitely bat-crap crazy, and had virtually no money, I nevertheless bought a tiny (600 square feet!) old home on over ten acres of gorgeous land.  It was because I cared a lot more about the land than I did about the home.  Later in life, when I could afford to upgrade, I still spent more on my land than on my (quite a bit larger and nicer) home.  Some people are just "land people".  Quite a few such people read this forum, I think.

Permalink Reply by Frank Walker on November 6, 2014 at 11:50am

I definitely take your point, Jesse.  You are right, big time!!  While I'm a supporter of gun rights, no gun owner has the right to fire rounds which end up coming to rest outside his own property.  That is dangerous, irresponsible, and just plain wrong.  Deer season is different, of course, speaking in general.  I'm not talking about hunting.

When I discharge my own rifle, just for practice, there are tens of acres of trees between my property and my neighbor's property.  Course if people trespass my land, that's at their own risk!  

Permalink Reply by RB on November 11, 2014 at 3:01pm

The frackers should be more considerate than that.  What happened to their home is terrible.  Surely there was another place in 640 acres for that well placement.  Geez!

Permalink Reply by JohnL on November 6, 2014 at 3:38am
Fred- WOW....... where did I state that I built a well pad? I did help build a successful business from nothing which was the reward for my hard work and risk taken, thus the reference to "I built that". Nor did I say that my royalties were my pension. I believe I said that my investments were. It's unfortunate when some people take things out of context and make it what they want to believe.
Permalink Reply by Ragnars Repo on November 6, 2014 at 4:26am
Fred,
I'm not sure but I don't think Wolf will stop oil/gas development. He is obviously a man, much like our current president who is unconcerned with his spoken words. He is all things to anyone uniformed enough to believe him. Lauren is a prime example of this. The union said vote for him so she pulls the lever. Hey Lauren, can you tell us how many union employees Mr Wolf has at his cabinet shops? Mr Wolf took money from a PAC that wants to stop oil/gas drilling, kind of hard to tax an industy you don't want to exist. In the end the Wolf knows where the money coming into this state originates, he is not dumb, his supporters on the other hand......
Permalink Reply by Jim Litwinowicz on November 6, 2014 at 3:56am

What insulting jibberish from a fool.  The 'majority of the state' actually elected three more R Senators and eight more Representatives. The people didn't want Corbett but they don't want Wolf's liberal policies either.

Permalink Reply by Frank Walker on November 8, 2014 at 4:06am

Jim, you're right of course.  But here is my concern:

Not all Republicans in the PA General Assembly are reliable.  Let me offer an example from (recent) Pennsylvania history.  Do you think John Perzel and his band of RINO followers would have been in our corner?

That was history, I understand.  But today there are new "Perzels" in the General Assembly.  I don't trust 'em much more than I trust filthy city Democrats!!

Regrettably today you cannot judge just by the "R" or "D" next to the person's name.  You must dig deeper.

Permalink Reply by gary smith on November 6, 2014 at 9:45am

lauren, i didn't offer an opinion. i offered facts.  and if you hadn't noticed, America handed the dems their hats.

Permalink Reply by daniel cohen on November 6, 2014 at 12:53pm

Here's some facts for us all:

Chesapeake subpoenaed by DOJ, states over royalty payments

Nov 6 2014, 14:33 ET | About: Chesapeake Energy Corporation (CHK) | By: Carl Surran, SA News Editor 
  • Chesapeake Energy (CHK -0.3%) discloses that it has received subpoenas from the U.S. Justice Department and states seeking information on its royalty payment practices to mineral owners.
  • CHK is facing several lawsuits from landowners and others who say it has underpaid royalties for natural gas and natural gas liquids through the use of improper deductions or below-market pricing.
  • CHK, which also is being probed by the DoJ and states over possible antitrust violations related to land purchases, says it is responding to the subpoenas.
  • Dan
Permalink Reply by Al Price on November 5, 2014 at 5:46pm

Frank Walker,

You are right on!  If you are a landowner and want some prosperity Demorcrats are a death sentence.

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