Resistance to Gas Pipelines Spreading / Public News Service
March 23, 2015
Resistance to Gas Pipelines Spreading / Public News Service.
AT THE INTERSECTION OF WALL STREET AND MAIN: IMPACTS OF HYDRAULIC FRACTURING ON RESIDENTIAL PROPERTY INTERESTS, RISK ALLOCATION, AND IMPLICATIONS FOR THE SECONDARY MORTGAGE MARKET* Elisabeth N. Radow, Esq.**
April 11, 2014
www.albanylawreview.org/Articles/Vol77_2/77.2.4 Radow.pdf.
AT THE INTERSECTION OF WALL STREET AND MAIN:
IMPACTS OF HYDRAULIC FRACTURING ON RESIDENTIAL
PROPERTY INTERESTS, RISK ALLOCATION, AND
IMPLICATIONS FOR THE SECONDARY MORTGAGE MARKET*
Elisabeth N. Radow, Esq.**
Landowners, lawyers meet over pipeline » Local News » The Daily Star, Oneonta, NY – otsego county news, delaware county news, oneonta news, oneonta sports
November 1, 2013
Informational meeting on Tues. Nov. 19 in Onondaga County. Details to be announced.
let your local officials know of your plight as a landowner with a gas lease.Fleased
August 9, 2012
Contacting Your Town Board
Posted on August 7, 2012 by fleasedny
It is critical to let your local officials know of your plight as a landowner with a gas lease. Short of a state ban, a local moratorium or ban will be our only protection from the impacts gas exploitation will have on those of us with gas leases. Pro-drilling forces are pushing towns to enact resolutions favoring drilling. It is imperative that towns hear from citizens like you.
We have prepared some materials to make it easier for you to reach out and educate your local officials. A Town Board Packet is provided that includes a template letter, educational resources, and contact information. Visit our Resources page for additional information.
Homeowners and Gas Drilling Leases. by Elizabeth Radow. NYSBA Journal nov-dec2011.indd
October 29, 2011
https://docs.google.com/viewer?a=v&pid=forums&srcid=MDEzNjU1MzI4MTU2NTI1NzY5MDkBMTA5MjcwNTY4MDU2NTgzMzY1MDMBMkJFRDMyMzUtMjg2Qi00MTE0LUE2Q0QtMzk1MTAzNzRGNDNDQHR3Y255LnJyLmNvbQE0AQ
Homeowners and Gas Drilling Leases. by Elizabeth Radow. NYSBA Journal nov-dec2011.indd
Great article by Beth Radow –
In some Texas towns, the gas well setback is 1000 feet from a house, so mortgages/ homeowners liability less of an issue
In NYS, the setback of a gas well from a house is 100 feet = GEIS 17 A. 1. B. 1. b. = which would put any mortgage into default.
That plus NYS egregious CI law and a NY mortgage covenant could trip.
As evidence of risk increases, the mortgage and insurance guidelines will change
Meaning the lender’s mortgage /insurance setbacks will increase for houses on water wells in particular.
As gas wells age, they leak on the outside of the outermost casing. This introduces methane into groundwater. Which pollutes wells.
Not much of a problem in Texas, New Mexico or Colorado = no ground water wells. In NY, a problem.
So mortgage / insurance guideline/ covenants are apt to become more stringent for NY rural residences on water wells. ]
Would not let this go unremarked . . . .http://www.sourcewatch.org/index.php?title=DSGEIS_Responses
Jim Northrup
Rush to Drill for Gas Creates Mortgage Conflicts – Ian Urbina, NYTimes.com 10-20-11
October 20, 2011
Rush to Drill for Gas Creates Mortgage Conflicts – NYTimes.com.
Check out this article in today’s New York Times:
There’s some really important documents that explain out all of the details about what the conflicts are and what rules are being broken. You can read through them here, and they’ve got little bubbles that show you what the important parts are and what they mean. Very worth checking out.
It makes sense. Fracking for shale gas and oil requires thousands of wells, many of which are drilled near where people live. Drilling accidents and the environmental problems with fracking happen on land that people own, land that people have mortgages on, land whose property value will plunge if the water goes bad or people get sick. The mortgage industry wrote up rules that are supposed to protect banks against these risks. These rules would bar wastewater impoundment pits near people’s houses, would require minimum distances between a home and a gas well, would give the bank the right to review the lease the landman was offering so they could make sure the gas company wouldn’t be allowed to tear up the surface of the land. But these rules aren’t being followed.
Check out some of the documents that explain how some small bankers and credit union officials see the problems:
GDACC 
