The Importance of a 5 acre pond-lake / water supply on property-fracting/ drilling

I have not signed any leases as of yet. There is some activity close to me in the form of lease signing. I'm in Beaver County of western pennsylvania.  I have about 40 acres and in the middle of the property is a man made five acre pond ( dam backed )  the water source is pretty steady year round.  Should this self contained water source on the property be any more attractive to drilling / fracting operations if drilling were to be done ? Any increase in the value of the property from a drilling standpoint ?  Any input is great !  here and  Lrobe30153@aol.com

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Permalink Reply by Farmhouse on February 12, 2011 at 7:38am

locke,

I would think that it would be attractive since water access is a significant issue for the drilling companies, however keep in mind that IF you were to lease and be put into a unit and the company's intention was to draw water from your pond they will need permit approval from the state. Not a slam dunk. I know of at least one similar situation where the applications were denied. Not sure of reasons why.

I think what is desirable to the gas companies is having a large contiguous parcel of land so if you and your neighbors have not leased you should get together as much of your land as possible, form a landowner group and deal from a position of strength. Good Luck.

Permalink Reply by locke on February 12, 2011 at 9:22am
Thanks Farm. I can def see where the state would be very strict on permitting private sources of water if that supply makes contact with streams, rivers or has the ability to leave the property. And my five acre pond does empty into a fairly sizable stream.  I will check it all out.  And good idea about group landowner approach.
Permalink Reply by Chuck Reed on February 14, 2011 at 8:13pm
all these details are just details.  Most everyone will be in a unit sooner or later in pa. 

You can sell the water but water will soon be out of the pic' 
Permalink Reply by Josh on February 16, 2011 at 12:48pm
If you are referring to GasFrac technology replacing waterfrac I wouldn't say "soon" and definitely not completely.
0l1a6laz7smpfPermalink Reply by 0l1a6laz7smpf on February 15, 2011 at 12:11am

Hi...

Just saw this discussion....have you seen the 60minute special on the Marcellus?   the man interviewed is selling the water at 25cents a gallon and it is equalling about 50K extra per year....W. Va.   it's in the 'extra footage' video.

http://www.gohaynesvilleshale.com/page/60-minutes-segment-on-shale

Permalink Reply by Chuck Reed on February 15, 2011 at 3:43am

Yes.  has anyone seen the story on water taken from old coal mines? 

these are the stories never told.

 

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