Email Post to a Friend: Denton Drilling: A Blog by Adam Briggle

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Video: The Myth of the Local Fracking Boom

More than two dozen homeowners are suing
EagleRidge for damages up to $25
million. The lawsuit, filed by residents at the Meadows at Hickory Creek, claims
that two EagleRidge frack sites have diminished property values, trespassed
onto their properties by contaminating air, and reduced enjoyment of their
property.

The missing piece of this story is mineral rights. No one in
this neighborhood is making a dime from the fracking, because they do not own
the minerals. So, as the lawsuit makes clear, they are suffering the costs
while not getting any of the benefits.

This raises a larger question: How is the mineral wealth
produced by gas wells in Denton distributed? How much money actually stays
local in the pockets of Denton families?

I created a short video to answer those questions. The Myth
of the Local Fracking Boom shows how most of the wealth generated in Denton
drains out of town. All too often, the people living near fracking sites pay
the costs but do not see any of the benefits.

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