OSU Extension Holding Shale Gas and Oil Lease Webinar
Wednesday, April 3, 2013
ASHTABULA, Ohio — OSU Extension will hold a webinar to help Ohio landowners learn the financial and tax implications of oil and gas leases.
The webinar will be held April 12 from 9:30-11:30 a.m.
David Marrison, associate professor and OSU extension educator, will be the featured speaker for the webinar. Don’t get caught blindsided by the taxes which will be due from signing an oil and gas lease.
There is no pre-registration required.
Just log on from the comfort of your home or business. Attend the meeting by logging on to: http://carmenconnect.osu.edu/ohioagmanager/.
More information about this program can be obtained by contacting David Marrison at marrison.2@osu.edu or 440-576-9008.
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.