The summary is on page 8. The bottom line is a -3% to -14% if the property is within 1000 feet of a well.
There are some flaws in how they conducted the study.
They did not take into consideration neighborhoods that do not have a pad site but feed into schools that will be close to pad sites. Many have been experiencing problems selling homes when prospective buyers realize their children will be in a school near a well.
It did not look neighborhoods near large facilities that will be in production for 20 to 30 years. Most of the sites were small and some data was taken after the rigs were taken down.
It did not take into consideration the homes that were eventually taken off the market because they wouldn’t sell at all. We have had a few of those next to drilling. The owners are waiting to sell.
It is lengthy but if you go to the conclusion page, it sums it up. Even here in Flower Mound we have seen some decline in value of homes and property near gas drilling. We know that will increase when our first real “Urban Well” is drilled in the next couple months.
Here is a property value study from Colorado.
Anybody who says drilling near your property is not going to devalue the property is not being honest.