What you need to know before buying a gas well on your land

Taking ownership of a gas well on your property can mean a low-cost supply of energy, profits from oil sales and exemptions from certain regulatory and tax requirements. But Ohio Farm Bureau's Dale Arnold explains that you'll face new costs as well. Read more: ofbf.org/news-and-events/news/...

[@yendorttiker5529]

Sounds like if it wasn’t for the government it would make sense.

[@oldfarmshow]

Thank you

[@WhiteBoyEst1994]

Try 100 dollars an hour for the production water to be transported to disposal

[@davidrapalyea7727]

Fascinating. My sister's house in Mahoning County, Ohio, has a dedicated natural gas pipeline to the house [its just a buried 2 inch plastic hose that is at least 1/4 mile long.] But when they purchased the house they chose not to use the gas because that would have required agreements of various sorts including maintenance of the well itself which fed a number of other homes. I was never clear on the entire thing. For instance the history of the well. How many homes had free gas, and how much gas was sold by the well owner into the market and so on. [The well was sold on condition certain properties would always have free gas.] Its all rather interesting to me. Its been going on for decades.

[@josephhalphen4109]

Sounds like ole boy owns a gas company.

[@JeffWilhems]

What if you need it for an off the grid bug out place?

[@American-Motors-Corporation]

what about starting out just going under a contract with an oil company take no less than a 15% cut on royalties??

[@jjjsmith2497]

.....Insurance.......and other things that MAKE me a responsible well owner? I didn't realize i was irresponsible..,? Stop creating false bullcrap for people.. No one needs this guy to tell them they need to be responsible for anything. This guy should come to my house so he can supervise the washing of my truck.

[@frontagulus]

Calm down - he's telling you what the regulations are. He has no beef with you. If you didn't understand his point, this is it: like it or not, there are things you have to do, in Ohio, if you want to legally run a well on your property. I suppose, because you seem to need telling, that if you choose to do it illegally, ultimately the law will catch up with you; it almost always does

[@jamesvignali6074]

Sell all my shares of Teapot Dome Shale Oil and Tar Sands LLC immediately.

[@andreejmarbbf52]

I did it with Avasva plans.

[@crg9603]

I have got a hole in my yard that gas is coming out of I have called everyone to see what to do about it I cannot get no answers I had to build like a chimney around the hole and then set it on fire due to the gas going everywhere I do not know what he is talking about Brian water or oil I have nothing like that coming up this whole thing is nothing but a dirt hole there is no natural gas pipeline running nowhere near my property the good thing about it is that I can roast marshmallows whenever I want to or light a cigarette whenever I feel like it without a lighter I think I am going to try to fill it in with a concrete slurry

[@v.r7235]

The fire still burning?

[@eduardoarreola5149]

Well obviously Ohio doesn’t want people to grow, that’s why it’s so poor

[@rangeman209]

Smh

[@peterwilson9327]

Shithole state now. Glad I left.

[@drivingmylifeaway7149]

Poor? Ne Ohio is oil and gas rich! I’ve never worked a day in my life 😂

[@jw2204]

All of that is bull shit