Monday, April 18, 2011

Flower Mound Well Site Impact Study

What is the relationship between property values and proximity to a natural gas well.

Study Summary
… there is little or no impact on residential property from proximity to well.
Sales comparison research indicated that a diminution in the value due to proximity to natural gas sites occurs only for properties immediately adjacent to the site. Several sales where view of the well site was obstructed by buffers such as trees or other structures indicate that value is not measurably impacted, even when the property is in close proximity.

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