Fracking Attorney: Damages Environment and Affects Property Values
When oil and gas companies operate in America and the nearby environment ends up contaminated and damaged, surrounding land and home owners can expect to see their property values drop significantly. Large energy corporations, with hundreds of hydraulic fracturing (Fracking) sites, are responsible for thousands of environmental infractions each year, causing millions of dollars in damages to properties nationwide.
According to a study by the Wall Street Journal, there are over one million active oil and gas wells in the United States, and more than 15 million Americans now live within a mile of many of them. Toxic chemical leaks, oil spills, groundwater contamination, soil contamination, unsightly drilling equipment and noise pollution due to fracking activity account for the majority of property value loss claims.
Realtors around the country note that buyers are very hesitant to purchase homes near fracking sites. However, oil and gas companies are not taking responsibility for damages to property unless lawsuits are filed against them. It is unfortunate that legal action is necessary, but not surprising given that the large energy corporations responsible are placing profit before environmental concerns. Any property owner with real estate negatively affected by fracking activities may have a claim against regional businesses.
Joe Lyon is a highly-rated Cincinnati, Ohio fracking attorney, representing plaintiffs nationwide in a wide variety of civil litigation claims against large corporations.
Environmental Contamination & Property Damage
Some states on the east and west coast, and many counties throughout the country have banned fracking because of the volatile nature of fracking, which is known to elevate environmental risks, contaminate large swaths of land and water, and make a negative impact on entire regions. Many areas with fracking activity are reconsidering the economic benefits of the process because of the severe damage it causes to the state of land and property values.
It’s not only the possible toxins and contamination of fracking that affects home values. Drilling operations are a big nuisance with heavy truck traffic, unsightly infrastructure and constant noise pollution. Oil and gas companies regularly cause serious harm to the environment in the following ways:
• Toxic chemical spills seep into local soil and water
• On-site chemical fires and explosions
• Endangering drinking water
• Polluting waterways
• Improper disposal of waste
• Polluting adjacent land and private properties
• Noise pollution
• Unsightly infrastructure
• Heavy truck traffic
Fracking Contamination Lawsuits
Large oil and gas companies in the United States are responsible for drilling wells and managing fracking operations. These energy companies are not always mindful of nearby property values. They often operate recklessly and ask questions later. Methane gas and other chemicals used in fracking often escape and contaminate groundwater. When companies put profit ahead of environmental protection, they can be found negligent when environmental damage negatively affects property values.
Fracking is a complicated energy extraction process that involves different companies that specialize in drilling technology, transportation, chemical manufacturing, and land management. Many of these companies can be held liable if they are responsible for operations that result in a loss of widespread property values. Large corporations that have been recently named in property value loss lawsuits include:
• Chevron Corp.
• ExxonMobil Corp.
• ConocoPhillips Co.
• EOG Resources Inc.
• Continental Resources Inc.
• Whiting Petroleum Corp.
• Marathon Oil Corp.
• QEP Resources
• Hess Corp.
• Samson Oil and Gas Ltd.
• GasFrac Energy Services
• Spectra Energy Corp.
• Antero Resources
• Enterprise Products Partners
• Plains All American Pipeline
• U.S. Silica
Fracking Contamination & Loss of Property Value
America’s oil and gas companies have the ability to create jobs and wealth around the country, but they also have a responsibility to protect the environment and preserve property values in surrounding areas. When fracking causes irreparable environmental damage, homes and properties are damaged, and remediation is necessary, they need to compensate property owners for the damage they have caused. To achieve this, property owners should reach out to a qualified fracking attorney.
Contact an Experienced Fracking Attorney
If you have a home or property that has been negatively affected by a nearby fracking worksite, and have questions about the legal remedies available to improve quality of life and medical care, contact The Lyon Firm at (800) 513-2403. You will speak directly with Mr. Lyon, an experienced fracking attorney, and he will help you answer these critical questions.