The Costs of Fracking

loaded from cabotog.com/pefs/exhibitb.
pdf, 12 June 2012.
104 William E. Hefley, et al., University
of Pittsburgh Joseph M. Katz Graduate
School of Business, The Economic Impact
of the Value Chain of a Marcellus Shale Well,
August 2011.
105 Pennsylvania Session Law 2012, Feb.
14, P.L. 87, No. 13, §3225(a)(1)(i)(A). Note,
these are the maximum per-well bonding
requirements. Owners of multiple wells
face lower per-well bonding requirements.
106 Upper Great Plains Transportation
Institute, Rural Transportation Safety and
Security Center, ND Traffic Safety: Oil
Counties (issue brief), Summer 2011.
107 Scott Detrow, “Emergency Services
Stretched in Pennsylvania’s Top Drilling
Counties,” StateImpact Pennsylvania, 11 July
2011.
108 Jonathan Williamson and Bonita Kolb,
Center for the Study of Community and
the Economy, Lycoming College, Marcellus
Natural Gas Development’s Effect on Housing
in Pennsylvania, 31 October 2011.
109 Ibid.
110 Steve Orr, “Fracking: Bane or Boon?
A Look into Industry’s Presence in Pa.,”
Democrat and Chronicle (Rochester, NY), 18
December 2011.
111 Institute for Public Policy and
Economic Development, Impact on Housing
in Appalachian Pennsylvania as a Result of
Marcellus Shale – Social Services (issue brief),
November 2011.
112 Ibid.
113 Ibid.
114 Timothy W. Kelsey, et al., Marcellus
Shale Education and Training Center, Economic
Impacts of Marcellus Shale in Pennsylvania:
Employment and Income in 2009, 2011.
115 Headwaters Economics, Fossil Fuel
Extraction as a County Economic Development
Strategy: Are Energy-Focused Counties
Benefiting?, revised 11 July 2009.
116 Integra Realty Resources, Flower
Mound Well Site Impact Study, prepared for
Town of Flower Mound (Texas), 17 August
2010.
117 La Plata County, La Plata County
Impact Report, October 2002.
118 Elisabeth N. Radow, “Landowners
and Gas-Drilling Leases: Boom or Bust?”
NYSBA Journal, November/December 2011.
119 Mike Tsikoudakis, “Nationwide
Mutual Insurance Responds to Leaked
Fracking Memo,” Business Insurance, 19 July
2012.
120 Average cow size: 1,350 lbs. from Alan
Newport, “Larger Cattle Need Larger Land
Base,” Beef Producer, February 2010; average
cost (slaughter, heifer, live basis) $119 per
hundredweight from U.S. Department of
Agriculture, USDA Market News: Daily
Livestock Summary, 20 June 2012.
121 Riley Adams and Timothy W. Kelsey,
Penn State Cooperative Extension,
Pennsylvania Dairy Farms and Marcellus
Shale, 2007-2010, 2012.
122 Susan Christopherson and Ned Righter,
Cornell University, How Should We Think
About the Economic Consequences of Shale Gas
Drilling? (working paper), May 2011.
123 Bruce Finley, “Fracking Bidders Top
Farmers at Water Auction,” Denver Post, 2
April 2012.
124 Tracy Frisch, “Farmers Get Fracked,”
The Valley Table, September-November 2011.
125. Couple Denied Mortgage Because of
Gas Drilling,” WTAE.com, 8 May 2012.
Notes 43