A Look at Subsurface Rights: Part 1

“We bought a home.”

It’s a simple idea that means so much more. When new homeowners say it, they mean they bought a house, either by purchasing an existing one or building one on a piece of land. But what is actually purchased?  Is it more than simply the improvements […]

Weekly News Roundup for November 3, 2017

Here are some of the stories we’ve been following this week.

Attorneys for a county in North Carolina filed a lawsuit against DuPont and Chemours, alleging the two companies poured toxic chemicals into the Cape Fear River.
Residents in one New York county hope a lawsuit they filed will […]

Weekly News Roundup for October 6, 2017

Here are some of the stories we’ve been following this week.

Two U.S. senators are expected to introduce a bill that would ban the use of eminent domain to acquire property for the purpose of constructing a wall along the border with Mexico.
IGas announced plans to begin hydraulic […]

Weekly News Roundup for September 8, 2017

Here are some of the stories we’ve been following this week.

Residents in Rapid City, South Dakota, are about to be paying more in property taxes after the city council approved a one percent increase.
A landfill in Michigan has high levels of methane, and officials fear the gas […]

Weekly News Roundup for August 25, 2017

Here are some of the stories we’ve been following this week.

Residents in Gibbsboro, New Jersey filed a lawsuit claiming Sherwin-Williams contaminated nearby land, and the toxins caused a wide range of health issues for those living in the area.
A pipeline planned for Pennsylvania will move forward after […]

Weekly News Rounup for August 18, 2017

Here are some of the stories we’ve been following this week.

Norway boasts a sovereign wealth fund of nearly $1 trillion. The country is now trying to decide how best to manage the fund, which up until now has relied on avoiding risks.
A town in Slovakia is once […]

Weekly News Roundup for August 11, 2017

Here are some of the stories we’ve been following this week.

The Utah Attorney General is seeking nearly $2 million to cover the cost of damages and the cleanup of the Gold King Mine spill.
The proposed Trans Mountain Pipeline could be in jeopardy. Two Canadian officials are expected […]

Weekly News Roundup for July 14, 2017

These are some of the stories we’ve been following this week.

Construction is underway on the Vista Tower, which will be one of the largest buildings in Chicago once it is complete. The skyscraper will be built partially with funds secured through the EB-5 Immigrant Investor Program.
Senators from […]

Weekly News Roundup for April 21, 2017

These are some of the stories we’ve been following this week.

Lawmakers continue to work on the details of extending the EB-5 Immigrant Investor Program as the April 28 deadline draws closer. The program will end unless Congress decided to re-authorize it.

The Keystone XL Pipeline is back on […]

Weekly News Roundup for March 24, 2017

These are some of the stories we’ve been following this week.

A bill by Alaskan lawmakers that would make it easier to transfer contaminated properties is gaining traction in the Senate. The state is one of only seven in the country without an environmental covenant law.

Ann Arbor has […]

Weekly News Roundup for March 3, 2017

These are some of the stories we’ve been following this week.

Activists in Maryland hope to convince lawmakers to ban hydraulic fracturing in the state. A moratorium on drilling operations ends in October.

More than 150 tons of oil were spilled into the Bay of Bengal, which is much […]

Weekly News Roundup for February 17, 2017

These are some of the stories we’ve been following this week.

Illinois reached a settlement agreement with BNSF Railway Company over the 2015 train derailment near Galena, Illinois. The railroad company will pay $50,000 in civil penalties, in addition to the more than $10.5 million spent on cleaning up […]

Weekly News Roundup for February 10, 2017

These are some of the stories we’ve been following this week.

A bill to ban hydraulic fracturing operations in Maryland is expected to be introduced in the state legislature. The bill has more than 50 co-sponsors.

Researchers with the University of Alberta released a study linking stronger earthquakes in […]

Weekly News Roundup for January 27, 2017

These are some of the stories we’ve been following this week.

The Keystone XL Pipeline, which was blocked during the Obama Administration, could possibly move forward following directives signed by President Donald Trump to expedite both the Keystone and the Dakota Access Pipelines.

Homeowners viewed the value of their […]

Weekly News Roundup for January 20, 2017

These are some of the stories we’ve been following this week.

An oil spill off the coast of Turkey is nearly cleaned up, and a commission was set up to investigate why a tanker that was docked began leaking fuel.

It’s been nine years, and now the ecosystem affected […]

Weekly News Roundup for December 30, 2016

These are some of the stories we’ve been following this week.

Noise from oil and gas operations such as hydraulic fracturing may increase the risk of health issues, according to a new study.

Doctors at a new children’s hospital do not believe officials are doing enough to address concerns […]

Experts Predict Largest Oil Deposit in United States is in Texas

Texas has long been a home to oil exploration. The Midland Basin and the Delaware Basin have helped propel the United States to the top of the world’s top oil producers. Since 2012, no other country has produced more oil than the U.S., and Texas’ large oil reserves are […]

Weekly News Roundup for November 11, 2016

Here are some of the stories we’ve been following this week.

Coal is popular in Vietnam, but now the country is working on a solution to deal with the more than 15 million tons of coal ash produced every year.

A rails-to-trails program in New York remains on hold […]

Weekly News Roundup for October 21, 2016

These are some of the stories we’ve been following this week.

Senators John McCain (R-Arizona) and John Barrasso (R-Wyoming) wrote a letter to the U.S. attorney general and the EPA administrator voicing their displeasure about the lack of criminal charges filed in connection with last year’s Gold King Mine […]

Weekly News Roundup for October 7, 2016

These are some of the stories we’ve been following this week.

Duke Energy will be removing millions of tons of coal ash from one of its power plants in North Carolina.

Environmental agencies in New York are investigating an oil spill that occurred at the Indian Point Nuclear Power […]

Weekly News Roundup for September 30, 2016

These are some of the stories we’ve been following this week.

A NASDAQ executive discussed the differences in capital raising for private and public companies.

Researchers in North Dakota tested a new way to remove salt from land where it was introduced during the hydraulic fracturing process. The new […]

Weekly News Roundup for September 23, 2016

These are some of the stories we’ve been following this week.

Residents in Bethpage, New York filed a $500 million class-action lawsuit against Northrop Grumman Corp, alleging the company exposed them to contaminants that included arsenic and cadmium.

The Obama administration delayed final approval of the Dakota Access pipeline. […]

Weekly News Roundup for September 16, 2016

These are some of the stories we’ve been following this week.

Seattle is building a unique electrical substation that will look and function differently than the typical substations found in other cities. It will also run almost entirely on renewable energy.

Nearly 1,200 residents are leaving their homes in […]

New Oil Discovery in Texas Could Produce Billions of Barrels of Oil

They say everything is bigger in Texas. Often, that includes the oil deposits. The Lone Star State’s image has long been linked to its oil fields, and for good reason. Last year, The U.S. Energy Information Administration reported that Texas was home to 29 percent of the country’s oil […]

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Weekly News Roundup for September 2, 2016

These are some of the stories we’ve been following this week.

Daikin America will pay a $5 million settlement following a lawsuit alleging that the company contaminated the Tennessee River.

The city of West Haven, Connecticut is initiating eminent domain for six properties so the city can move forward […]

Weekly News Roundup for August 26, 2016

These are some of the stories we’ve been following this week.

U.S. shale oil and gas production has dipped significantly as oil prices have fallen. However, some experts believe the industry may have reached bottom and will begin increasing production again soon.

A water treatment plant, set up in […]

Weekly News Roundup for August 19, 2016

These are some of the stories we’ve been following this week.

The Navajo Nation sued the federal Environmental Protection Agency (EPA) over last year’s Gold King Mine spill that sent millions of gallons of contaminated water into the Animas River.

Norway’s wealth fund downgraded the value of its United […]

Weekly News Roundup for August 12, 2016

These are some of the stories we’ve been following this week.

Students at a school in Chicago are being moved to a different location. The school is located on an Environmental Protection Agency Superfund site, and housing in the area was found to be built on land with high […]

Weekly News Roundup for July 22, 2016

These are some of the stories we’ve been following this week.

An oil train derailed in Oregon last month, and now a groundwater monitoring station has picked up signs of contamination. A nearby town’s water wells were not contaminated because they are located uphill of the derailment.

Colorado’s minimum […]

Fracking’s Impact on Homebuyers and Insurance Coverage

An important but often “relegated to the back burner” housing issue is whether the presence of unconventional shale gas development sites affect the ability of homeowners to obtain a mortgage and/or homeowners’ insurance on a property. These concerns stem from the potential environmental hazards and risks that may occur […]

Greenfield Advisors Vice Chairman Authors Chapter in New Book

SEATTLE, Washington and CARTERSVILLE, Georgia – Greenfield Advisors’ Vice Chairman and Co-Managing Director, Dr. Clifford A. Lipscomb, is one of the authors writing in a new book about the economic effects of hydraulic fracturing on a worldwide scale. Dr. Lipscomb’s extensive background in economics and real estate valuation gives […]

Weekly News Roundup for July 8, 2016

These are some of the stories we’ve been following this week.

Beaches in Haifa, Israel reopened after officials cleaned up an oil spill that occurred Tuesday. A ship that was working on an oil pipeline ruptured an old fuel line, sending thousands of gallons of oil into the water.

[…]

Weekly News Roundup for July 1, 2016

These are some of the stories we’ve been following this week.

U.S. Senator Chuck Schumer (D-NY) wants to see oil companies add more safety features to trains carrying oil through New York.

A jury found that Emigrant Savings Bank offered predatory loans to minority homeowners. Six plaintiffs were awarded […]

Weekly News Roundup for June 17, 2016

These are some of the stories we’ve been following this week.

Property values and taxes are rising quickly in Vancouver.

Texas is launching an effort to sue the Environmental Protection Agency over new methane regulations. Texas is the first state to take these measures.

The Massachusetts Senate is backing […]

Weekly News Roundup for June 10, 2016

These are some of the stories we’ve been following this week.

Following another oil train derailment, regulators are looking into increased safety measures for trains transporting oil, especially near populated areas.

An energy plant in Oregon is at the center of a property tax fight that has lasted for […]

Weekly News Roundup for June 3, 2016

These are some of the stories we’ve been following this week.

Hopeful EB-5 Immigrant Investor Program applicants are seeing their applications delayed while potential EB-5 projects are investigated over allegations of fraud.

Old gas and oil wells may be buried underground, and they can be dangerous to builders, who […]

Weekly News Roundup for May 27, 2016

These are some of the stories we’ve been following this week.

Ohio lawmakers are pushing for earlier resident notification regarding potentially contaminated water. Legislators cited the recent contamination in Flint, Michigan, as the reason for demanding a quicker response.

Peru declared an emergency in a jungle area that was […]

Weekly News Roundup for May 6, 2016

These are some of the stories we’ve been following this week.

Minnesota officials are taking steps to avoid a water crisis like Flint’s by understanding lead contamination prevention techniques.

The Colorado Supreme Court ruled that cities could not place limits on hydraulic fracturing operations because the ordinances cannot […]

Weekly News Roundup for April 29, 2016

These are some of the stories we’ve been following this week.

Seattle and San Francisco have recently increased the minimum wage in their municipalities, but making sure all businesses cooperate has not been an easy task.

A new lawsuit filed as a result of the lead contamination crisis in […]

Concerns Over Oil Train Derailments Cause Governments to Act

A typical oil train car used in the United States, the DOT-111 tank car, for example, can haul as much as 34,500 gallons of oil across the country. An entire train of these cars would be moving hundreds of thousands of gallons of oil, sometimes through populated areas or […]

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Weekly News Roundup for April 22, 2016

These are some of the stories we’ve been following this week.

Residents testified in a construction defect lawsuit earlier this week against the country’s largest homebuilder, D. R. Horton.

In New Hampshire, towns are coming together to deal with the lead contamination of their water. The consortium will work […]

Weekly News Roundup for April 15, 2016

These are some of the stories we’ve been following this week.

Officials in the United Kingdom are working to fight global warming while still heating homes. One option is to use hydrogen, which burns cleaner than natural gas and doesn’t give off carbon dioxide.

Voters in New Orleans voted […]

Weekly News Roundup for March 25, 2016

These are some of the stories we’ve been following this week.

Commercial property sales dropped sharply in February. Economic uncertainty and volatile financial markets may have weakened demand, and prices have started to drop in some sectors.

Foreign investors have been putting a lot of money into buying U.S. real estate. […]

Weekly News Roundup for March 18, 2016

These are some of the stories we’ve been following this week.

Oil prices are once again increasing, but the hydraulic fracturing industry may not be able to recover quickly enough to take advantage. When oil prices dropped, fracking became less profitable, and companies shut down many of their fracking operations. […]

Weekly News Roundup for March 11, 2016

These are some of the stories we’ve been following this week.

Michigan Governor Rick Snyder recently signed the $30 million Flint Water Relief Bill to assist Flint residents with water bill debt for water they couldn’t safely use. City officials have had to suspend water bills for Flint residents until credits […]

Weekly News Roundup for March 4, 2016

These are some of the stories we’ve been following this week.

A study conducted by Integra Realty Resources for the Interstate Natural Gas Association of America (INGAA) Foundation found that natural gas pipelines didn’t affect property values or insurability in the locations studied.

A Superior Court Judge upheld a Georgia transportation […]

Weekly News Roundup for February 26, 2016

These are some of the stories we’ve been following this week.

Last year acid mine drainage from the Gold King Mine rushed into the nearby Animas River, contaminating it with heavy metals. The mine is one of 46 mines that could soon be designated as Superfund sites to be cleaned […]

Weekly News Roundup for February 19, 2016

These are some of the stories we’ve been following this week.

Residents of Flint, Michigan affected by the lead-contaminated water are considering joining lawsuits that could reach a billion dollars in claims and damages.

The Sierra Club filed a lawsuit to reduce wastewater injection from hydraulic fracturing in Oklahoma. The non-profit […]

Weekly News Roundup for January 29, 2016

These are some of the stories we’ve been following this week.

A new study published in American Economic Review examined how hydraulic fracturing can negatively affect property values of nearby homes.

A new study will look at whether recent earthquakes in Texas are caused by fracking-related wastewater injection wells. Texas is […]

Weekly News Roundup for January 22, 2016

These are some of the stories we’ve been following this week.

This three-dimensional map of the methane levels around Porter Ranch, California gives a new perspective on the extent of the leak.

Class action lawsuits continue to be filed in the wake of the water contamination crisis in Flint, Michigan.

The California […]

Weekly News Roundup for January 15, 2016

These are some of the stories we’ve been following this week.

BP continues to cut its global workforce as oil prices continue to plummet. The price of oil has dropped 75% in the last 18 months, reaching a 12-year low of about $30 a barrel.

Two Kentucky utility companies will spend millions […]

Weekly News Roundup for January 8, 2016

These are some of the stories we’ve been following this week.

California Governor Jerry Brown declared a state of emergency for the Porter Ranch neighborhood of Los Angeles after more than 10 weeks of methane gas leakage has forced thousands from their homes. The leak could take months to fix.

Michigan Governor Rick […]

Weekly News Roundup for December 18, 2015

These are some of the stories we’ve been following this week.

The Federal Open Market Committee (FOMC) unanimously voted to raise the target federal funds rate 0.25%, the first time the Federal Reserve has raised interest rates in almost a decade.

The EB-5 Immigrant Investor visa program will likely be extended […]

Two Talks at the World Congress on Petrochemistry and Chemical Engineering

I was honored to be a keynote speaker at the 3rd World Congress on Petrochemistry and Chemical Engineering held in Atlanta, Georgia, earlier this month. When I first heard about the conference, I wasn’t sure if I was exactly the right fit for an audience of chemical engineers and […]

Weekly News Roundup for December 11, 2015

These are some of the stories we’ve been following this week.

The U.S. Army Corps of Engineers has found additional private properties near Coldwater Creek in Missouri that have radioactive contamination from old nuclear processing waste storage sites.

Environmentalists and residents living near fracking sites have been criticizing the conclusions of […]

Weekly News Roundup for December 4, 2015

These are some of the stories we’ve been following this week.

There has been another major setback for Newhall Ranch, a proposed master-planned community on almost 12,000 acres along the Santa Clara River in Los Angeles County. The California Supreme Court rejected the project’s environmental impact report.

An Illinois pipeline is closer […]

Weekly News Roundup for November 20, 2015

These are some of the stories we’ve been following this week.

According to West Virginia’s latest assessment of properties owned by public utilities, property values fell in counties where coal is mined, whereas property values increased in counties where natural gas is extracted.

North Carolina counties have been passing moratoriums on […]

Weekly News Roundup for November 13, 2015

These are some of the stories we’ve been following this week.

Railroad bridges across the country are not receiving necessary repairs, and this could become a big problem as more oil trains roll across the country.

Senator Tammy Baldwin (D-WI) is asking Congress to add oil train safety provisions in the […]

Weekly News Roundup for November 6, 2015

These are some of the stories we’ve been following this week.

President Obama rejected TransCanada’s application for a presidential permit for the Keystone XL Pipeline, citing concerns about the project’s contribution to climate change.

For-profit schools have been under attack by government agencies for predatory lending practices. Now the focus is […]

More Links Between Fracking Operations and Earthquakes, Few Solutions

Hydraulic fracturing, better known as fracking, has been a boon to the oil industry in the United States. The technique pumps water and sand, along with some chemicals, into the ground to break up rock and free natural gas deposits.

In recent years, scientists have found those very chemicals in […]

Weekly News Roundup for October 16, 2015

These are some of the stories we’ve been following this week.

Private equity firm Blackstone Group LP recently announced that it would pay $8 billion to acquire Biomed Realty Trust in one of the largest real estate investment trust (REIT) privatizations planned so far this year.

The House passed a bill 261-159 […]

Weekly News Roundup for September 25, 2015

These are some of the stories we’ve been following this week.

As Congress debates reauthorizing the EB-5 immigrant investor visa program, here is a look at the program from the perspective of Indian investors.

The City of Oakland, California has sued Wells Fargo over predatory lending practices. The suit alleges that […]

Weekly News Roundup for September 18, 2015

These are some of the stories we’ve been following this week.

Evaluating schools and teachers with “value-added” measures and publicly releasing the results doesn’t affect the property values of nearby homes, according to a new study published in the Journal of Urban Economics.

The Ferguson Commission released its report commissioned by […]

Weekly News Roundup for August 28, 2015

These are some of the stories we’ve been following this week.

A New Jersey State Superior Court Judge has approved the state’s controversial $225 million settlement with ExxonMobil to resolve natural resource damage claims related to two oil refineries, industrial facilities, and gas stations.

Airbnb recently announced its partnership with two Chinese […]

Weekly News Roundup for August 14, 2015

These are some of the stories we’ve been following this week.

Mortgage credit availability is increasing. The latest Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association (MBA) increased to 125.5 in July, its highest level in years.

It’s a different type of credit check. Facebook has acquired a patent […]

How Fracking Fares Around the World

Hydraulic fracturing has had a tumultuous relationship over the years with the public as well as with government officials. In the United States, fracking has been welcomed, studied, banned, and unbanned. Some states have opened their arms to the controversial process, while others have been cautious or outright prohibited […]

Weekly News Roundup for August 7, 2015

These are some of the stories we’ve been following this week.

Since the EB-5 Immigrant Investor Program is up for renewal on September 30, Congress has been considering reforms in the EB-5 visa process. One proposed bill would expand the program, adding a new category of visa called EB-6.

Canadian scientists […]

Weekly News Roundup for July 31, 2015

These are some of the stories we’ve been following this week.

The U.S. Environmental Protection Agency (EPA) announced three grants worth a total of $600,000 to two Philadelphia development authorities for the assessment and redevelopment of brownfield sites. Nationally, 147 communities received 243 grants totaling $54.3 million in 2015 for the […]

Weekly News Roundup for July 17, 2015

These are some of the stories we’ve been following this week.

Should new homes be treated as special? Researchers studied the premia associated with new construction in Las Vegas before and after the housing bubble burst using hedonic modeling.

Since China has suspended all initial public offerings (IPOs) on its stock […]

Weekly News Roundup for July 10, 2015

These are some of the stories we’ve been following this week.

A federal judge heard arguments in a water pollution lawsuit in Kentucky.

University of Colorado researched fracking contaminants and investigated how certain compounds could end up contaminating nearby groundwater.

Greene County in Alabama has experienced more than a dozen earthquakes so […]

Weekly News Roundup for July 2, 2015

These are some of the stories we’ve been following this week.

The Supreme Court ruled 5-4 to overturn a U.S. Environmental Protection Agency (EPA) air pollution rule, saying that the agency didn’t adequately consider the costs. The rule setting limits on mercury, arsenic, and acid gas emissions from coal-fired power […]

Weekly News Roundup for June 26, 2015

These are some of the stories we’ve been following this week.

Bi-partisan bills have been introduced in both the U.S. House and Senate to renew and reform the EB-5 immigrant investor visa program currently set to expire in September.

Commercial trophy property owners in Europe are looking to Chinese buyers, thanks […]

Weekly News Roundup for June 19, 2015

These are some of the stories we’ve been following this week.

The City Council of Denton, Texas voted to repeal its ban on hydraulic fracturing after the state legislature passed a bill prohibiting fracking bans by local governments. The repeal is seen as a strategic move to reduce court costs […]

EPA Fracking Study Continues to Divide the Nation

On June 4, the U.S. Environmental Protection Agency (EPA) released a 998-page draft report on the effects of hydraulic fracturing on the drinking water resources of the United States. Analysts and industry professionals dove into the report as soon as it was released, knowing that the report could have […]

Weekly News Roundup for June 12, 2015

Here are some of the stories we’ve been following this week.

June 8 was the deadline to file a claim in the Economic and Property Damages Settlement for the Deepwater Horizon oil spill.

The cost of the oil spill that hit California beaches in May has now reached $69 million. With costs […]

Weekly News Roundup for June 5, 2015

Here are some of the stories we’ve been following this week.

In Bank of America v. Caulkett, the Supreme Court unanimously ruled that homeowners who declare bankruptcy can’t void a second mortgage.

A local fisherman has filed a class action lawsuit against Plains All American Pipeline for the company’s negligence in […]

Weekly News Roundup for May 29, 2015

Here are some of the stories we’ve been following this week.

Acclaimed mathematician and economist John Nash died. Nash was particularly well known for his contributions to game theory.

The Brownfield Cleanup Program has been critical in promoting the growth and revitalization of Buffalo, New York, and the new state budget […]

Texas Bans Local Fracking Bans

Opponents of hydraulic fracturing, better known as fracking, have been fighting gas companies on several fronts in recent years to keep the controversial drilling practice away from their cities and towns. New York State has enacted a moratorium on the practice based on the uncertainties regarding fracking’s health and […]

Weekly News Roundup for May 22, 2015

Here are some of the stories we have been following this week.

The pipeline operator behind the recent Santa Barbara oil spill has a history of safety violations.

Five big banks pleaded guilty and will pay $5.4 billion for rigging currencies by manipulating global foreign-exchange markets.

The Supreme Court vacated a ruling […]

Oil, Gas, and Mining – My Talk at IACVA’s International Valuation Forum

Last week I attended the 2015 International Valuation Forum in Atlanta, Georgia. It was jointly sponsored by the International Association of Consultants, Valuators, and Analysts (IACVA); Business Valuation Resources (BVR); and Duff & Phelps. I gave an hour-long presentation on May 8 on valuation issues related to the oil, […]

Weekly News Roundup for May 8, 2015

Here are a few of the stories we have been following this week.

Trophy properties had a great year last year. More properties valued over $100 million were listed in 2014 than in any previous year. You can learn more about trophy properties by reading our previous posts on the topic.

A Pennsylvania […]

Beer and Fracking… What?

We’ve written a considerable number of blogposts on fracking, many of which deal with concerns about water. This one, however, is quite different, and I hope you find the perspective refreshing.

Common opponents to fracking include the usual suspects—environmentalists, residents concerned about environmental contamination, residents concerned about their property values, […]

Weekly News Roundup for May 1, 2015

Here are some of the stories we’ve been following this week.

Airports all over the world use special chemicals to melt the snow and ice off airplane wings. However, a new study shows those chemicals are contaminating the soil around the airports.

A bill that would have banned fracking in the […]

Weekly News Roundup for April 17, 2015

Here are some of the top stories we followed this week:

The federal government is working on a disaster plan in the event of an urban oil train wreck. As we’ve discussed before, oil trains are increasingly being utilized by energy companies, and a wreck could cause significant damage, especially […]

Water Shortage in California Feeds Debate Over Usage

Last week we considered the plight of an Ohio village stuck between low water levels and an energy company suing to enforce an agreement granting them priority access to the village’s main water source. This week we consider other issues related to fracking, which is controversial for many reasons, […]

Water War in Fracking Town

Hydraulic fracturing can bring money and jobs to cities and towns built upon the right land. However, cities need to have the resources, infrastructure, and utilities to support the oil and gas companies that arrive to drill.

The Village of Barnesville, Ohio now faces a lawsuit because it did not […]

Federal Government Announces New Fracking Regulations

The U.S. Bureau of Land Management (BLM) released new fracking rules on March 20 to be published in the Federal Register on March 26, but the regulations will only affect drilling conducted on federally managed public or tribal lands. Drilling on private property or state-owned land will still be […]

Fracking Comes to North Carolina

As of March 17, hydraulic fracturing, or fracking, is now permissible in North Carolina, despite cries from opponents that the newly passed legislation won’t keep the state’s environment safe. The Tar Heel State is no stranger to environmental issues, with the government still fighting with Duke Energy over a […]

Fracking and Earthquakes—More Connections and More Lawsuits

Ask anyone to name a major fault line in the United States. Most people will probably mention the infamous San Andreas Fault in California, the inspiration for plenty of disaster movies, TV shows, and books about earthquakes that destroy the city of Los Angeles and everything around it.

However, studies […]

Fracking-Related Earthquakes Causing Insurance Headaches

Last month a 4.4 magnitude earthquake occurred in the town of Fox Creek, Alberta, Canada. An earthquake of that magnitude, causing no damage, rarely makes international news. However, a quote from an Alberta Energy Regulator spokesperson  saying that “Preliminary information indicates the event may be related to hydraulic fracturing […]

Oil and Gas Prices Falling, Thanks in Part to Fracking

Normally sticker shock at the gas pump is not a good thing, but these days, the price of gas is dropping at the pump. It’s a welcome sight for most people, and one cause is the fracking boom here in the United States.

Drivers have seen the change at the […]

Local Fracking Bans Have Mixed Results at the Polls

Now that the dust has finally settled on election season, it’s a good time to look at how fracking fared on ballots across the country. Out of eight proposed bans on local ballots across the country last week, four passed.

Of all the cities and counties voting on fracking bans […]

Oklahoma Brownfields Conference Recap

Earlier this week I attended and spoke at the 2014 Oklahoma Brownfields Conference in Tulsa, Oklahoma. The theme of the conference was “Rethink, Reinvest, Reinvent.”

Sessions on the first day included a general session by Bill Strickland from Pittsburgh, Pennsylvania, author of several books on making the impossible possible. He […]

Fracking Litigation Update

It’s about time for a review of the latest court cases involving fracking. We’ve written previously about two successful cases in Texas, and today we discuss two Texas cases that turned out differently. We also discuss an interesting case in Colorado that was dismissed, and some of the overall […]

Companies to Begin Searching for Shale Gas in the United Kingdom for Fracking

It’s been 3 years since fracking has been allowed in the United Kingdom. Energy companies have been waiting to see how the government would respond to concerns about the drilling practice following earthquakes near Blackpool in 2011. On July 28, 2014, the new Energy Minister, Matthew Hancock, invited license […]

The State of Fracking in the United States

Fracking continues to be a hot topic in the public eye as well as in the courts and legislatures across the country. In today’s post, we update some of our previous stories on fracking, as well as introducing some new developments to watch.
New York courts have issued several rulings […]

More Cities Could Ban Fracking in New York

For the last 6 years, a moratorium on fracking has kept the controversial drilling practice out of New York state. Now, a recent ruling by the State Court of Appeals will allow cities that oppose fracking to ban it.

The state moratorium on fracking was intended to give the New […]

Texas Town Considers Fracking Ban

To some, it may seem a little like biting the hand that is feeding you, but a town that has reaped the benefits of the oil and gas industry is considering banning fracking. Denton, Texas is located just north of the Dallas-Fort Worth area, and the city has received […]

Second Victory in Texas Against Fracking Companies

After years of lawsuits, the first two courtroom victories against fracking companies arrived within 2 months of each other. In April, a jury awarded a Decatur, Texas family nearly $3 million from Aruba Petroleum. In May, another Texas couple won a $20,000 judgment in their lawsuit against Chesapeake Operating, Inc.
Both cases […]

Fracking Can Damage Property Values

Last month a jury awarded a Texas family nearly $3 million, including $275,000 for the loss in market value of their property, in a lawsuit against a gas company that was using fracking techniques near their home. It was the first case involving fracking to go to trial, but it’s […]

Seattle Firm Assists Family in First Fracking Trial

Greenfield Advisors worked with Texas family to reach $3 million award
SEATTLE – Greenfield Advisors, LLC is proud to be part of the team that helped a Texas family win a nearly $3 million verdict in April in what appears to be the first fracking trial in the United States.

The 5-1 […]

Two Dr. Lipscombs Study the Effects of Oil and Gas Exploration on the Housing Market

HousingWire Magazine recently published an article entitled “Energizing Real Estate: Oil and Gas Exploration Could Shock Housing Markets” in their November 2013 issue. The article discusses the work of Dr. Clifford Lipscomb, Director – Economic Research at Greenfield Advisors, and his cousin, Dr. Joseph Lipscomb, a professor of finance […]

Article About Dr. Clifford Lipscomb’s Work Published in HousingWire

Seattle, WA – HousingWire Magazine recently published an article entitled “Energizing real estate: Oil and gas exploration could shock housing markets” in their November 2013 issue. The article discusses the work of Dr. Clifford Lipscomb, Director – Economic Research at Greenfield Advisors, and his cousin, Dr. Joseph Lipscomb, a professor […]

Studying the Implications of Fracking for Japan

After the wide visibility of our article, “Unconventional Shale Gas Development and Real Estate Valuation Issues,” the authors have decided to start researching another article on fracking—this time with a focus on Japan in the post-Fukushima era.

In the wake of the March 2011 nuclear disaster,1 Japan has been seeking to […]

Newest Greenfield Advisors Paper Examines Shale Gas Development

Analysts at Greenfield Advisors have a paper published in the most recent issue of The Review of Regional Studies. The paper, entitled “Unconventional Shale Gas Development and Real Estate Valuation Issues,” is the most-viewed article from the special issue devoted to shale energy development. From the abstract:

“With the research on […]

Fracking in the News

As reported at Fulbright & Jaworski’s Hydraulic Fracking blog, on May 2, 2013, the New York State Supreme Court upheld local fracking bans in the towns of Dryden and Middlefield, New York. The court affirmed lower court decisions from 2012 that certain amendments to town zoning ordinances are not preempted […]

Unconventional Shale Gas Development and Real Estate Valuation Issues

This article provides an overview of the real estate valuation issues related to unconventional shale gas activities, particularly those related to hydraulic fracturing or “fracking.” With the research on this topic in its infancy, we focus more on the valuation issues that can arise as opposed to those that […]

Ask an Expert: The Effects of Fracking on Easements

Welcome to the first edition of our new feature, Ask an Expert. If you have a question about real estate valuation, markets, or economics that you would like us to address, please send it to questions@greenfieldadvisors.com.
Q: Dear Dr. Lipscomb, I am a student at Vermont Law School writing about the effects […]

Fracking and Insurance

On July 13, Nationwide Insurance issued a press release regarding concerns about fracking. Since then, the media has been full of stories from both pro- and anti-fracking groups analyzing this press release and its implications.
Here are a few of the main comments from Nationwide:

“Insurance works when a carrier can accurately […]