Tuesday, February 18, 2014

Mayor of Gates Mills Wants Residents to Sign Over Their Mineral Rights to Village

From Cleveland.com:
GATES MILLS, Ohio — Gates Mills Mayor Shawn Riley wants property owners to form a real estate trust to control the location of controversial hydraulic fracturing sites if they are built in the village. 
The mayor said experts tell him horizontal drilling wells that facilitate fracking, a process used to extract natural gas, will be built in the Cleveland area in about 10-12 years, and he wants to begin preparing now. 
Horizontal wells require at least 200 acres and a fleet of trucks to operate. Fluids and chemicals are injected through the wells 8,000-10,000 feet into the ground at high pressure. Once the fluid reaches shale, it travels horizontally through the rock, releasing natural gas from the cracks.
Read the whole article here (although it should be noted that it misses on a few facts, such as that "horizontal wells require at least 200 acres" thing...as MDN points out, that number should be 20).

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1 comment:

  1. Do not do this at all! What a sleazy way to try and steal incredibly lucrative money from residents. Please please please research the kinds of money that residents in Texas who lease their mineral rights receive on a monthly basis. Six figure checks on a monthly basis. Here is one example of the prosperity that awaits those who have land on top of shale areas:


    Sounds like the mayor is counting on people not knowing anything about how mineral rights work and is trying to steal the money before anyone finds out.