The Risk Management Tool Box Blog

Prices Surge When Frac Company's Come to Town

Graham Marshall - Monday, September 07, 2015

The Real Story of Home Prices & Frac

Anti-frac activists make many claims about the harmful consequences of Hydraulic Fracture Stimulation ("frac").

One of the most oft-heard claims is used to scare home-owners that the value of their real estate will fall if frac is allowed to go ahead in their locality.

But is that claim true?

Evidence from the Bakken shale play in North Dakota paints an entirely different picture for home-owners to consider.

In fact, the evidence is unambiguous in demonstrating that when Frac comes to town, the price of real-estate surges; leaving property owners far richer than ever before!

Here are the graphs showing real estate sales and prices in Tioga, Minot, Williston and Watford City for the 5 years from 2009-2014.

Those four towns in Western North Dakota are the centre of the Bakken unconventional oil field, the largest fracking play in America.

And as you can clearly see, home prices surged between $100,000 and almost $200,000 over five years across the four towns in the centre of the Bakken.

Not a bad rate of real estate return in my book!

In fact, the only downside to the Frac boom in ND is that workers who want to move to the State will find it tough to get on the property ladder because the price of real estate has RISEN so much.

It's exactly the opposite problem to what the eco-activists are claiming! How wrong can they be?



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