Risks of Fracking Gas Well Leases: "Homeowners and Gas Well Drilling: Boon or Bust"

Underscoring the risks of Marcellus Shale formation gas well leases that we discussed in our post of December 4, 2011 is an EcoWatch article posted yesterday by New York attorney Elisabeth Radow, “Homeowners and Gas Well Drilling: Boon or Bust.”   It contains a thorough and extensive analysis of numerous issues relating to gas well drilling and leases for such activities and the risks for property owners who enter into such leases.  Accompanying the analysis are a series of photographs of actual well drilling sites by photographer J Henry Fair, best known for his Industrial Scars series, in which he “researches our world’s most egregious environmental disasters and creates images that are simultaneously stunning and horrifying”. Mr. Fair’s work has been featured in national and international media and has been exhibited world wide.

The article and photographs make for sobering reading and viewing for anyone who has entered into such a lease or is considering such a lease.  Property owners who may enter into such leases should be fully cognizant of the significant environmental and legal risks of these transactions.  This article provides valuable information on these issues.

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