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?


{module_adrotator,1458}
{module_adrotator,1457}
Comments
Post has no comments.
Post a Comment




Captcha Image

Trackback Link
http://www.therisktoolboxshop.com/BlogRetrieve.aspx?BlogID=4103&PostID=648248&A=Trackback
Trackbacks
Post has no trackbacks.

Recent Posts


Tags

Construction Safety Emergency Response Natural Hazard Working with explosives Total NOPSA Mining Hierarchy of Safety Control Safety Moment Safety PowerPoint Presentation OHS Law Hot work Hess Manual handling Save our Seafarers Campaign SPE HSE Innovation Award Walking NORM Driving Safety Road Transport Risk Management Process Hazard Management Hospital Safety Rail Safety Occupational Overuse Syndrome ENI Australia Australian OSH Codes of Practice BP Hazard Spotting Excavations Safety Video BHP Billiton Risk Tool Box Oil Spill Response Best bars in the oil patch Procedures Newfield Raspberry Ketones Scam Isolation Control Safety Conference Situational Awareness Kellogg Joint Venture NOPSEMA Nautronix Safety Management Program Energy Model of Hazards WMC Resources OSHA Radiation Sources TK Shipping Unconventional Oil Unconventional Hydrocarbons Office Safety ALARP Toolbox talk Ladder Safety US OSHA Fatigue Management Health Sakhalin Energy Pollution prevention Hydraulic Fracturing ("fracking") Kinetic Energy Santos Electrical hazards Behaviour-based Safety (BBS) Marine Safety Slips, trips and falls Psycho-social Hazards Safe at Home Aviation Safety Social Responsibility Safe Operating Procedure (SOP) UK HSE Shell Drilling one per center Risk Assessment Thank God it's Friday CSB Fire Prevention Job Safety Analysis Coal Seam Gas Workplace bullying HSE Leadership Safety Alert Safety Culture Survey Hazard Awareness Railway Safety Catostrophic Disaster Chevron Nanotechnology Safety Information Posters Incident Investigation Safety "one per-center's" Global Harmonized System Rosedale Abbey Call Centers WorkSafe WA Water Corporation Farm safety Working at height Woodside Management of Change Unconventional Gas Supervision Manufacturing Safety Awards WA Resources Safety Procedure Training Course Shale Gas APPEA Hazardous Substances PPE Crane lifts MSDS Customer Testimonial Contract Risk Management Work in Confined Spaces Bio-hazards Salute to Our Hero's IFAP LOTO

Archive

Blog / Terms of Use / Site Map / Disclaimer / Risk Management Tool Box 2009. All rights reserved. Web design by Luminosity. E-Commerce by JStores.