tag:blogger.com,1999:blog-5354570505974016585.post6319699911397094503..comments2023-12-27T05:56:10.287-08:00Comments on Denton Drilling: A Blog by Adam Briggle: HB 1496 Takes a BeatingAdamhttp://www.blogger.com/profile/05658985227327961661noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5354570505974016585.post-16266945596698721172013-03-27T11:28:36.634-07:002013-03-27T11:28:36.634-07:00Thanks for the summary. Looks like it didn't m...Thanks for the summary. Looks like it didn't make it out of the committee. And with all the opposition, it better not!! <br /><br />[...]<br />Rep. Springer asked what the valuation of the mineral rights were. Mr. Morris shared it could be in excess of 100 million dollars.<br />[...] <br /><br />So, he can't "develop" this land because of the lack of funding from the drilling? That's interesting since it seems that this may be the case across the Barnett Shale areas of North Texas...developers have purchased land based on leveraging the <i>potential</i> for mineral development. <br /><br />This is the "speculative" part of all of this. It's a gamble that won't work out.<br /><br /><a href="http://www.legis.state.tx.us/BillLookup/History.aspx?LegSess=83R&Bill=HB1496" rel="nofollow">HB 1496</a>Westchester Neighborhttps://www.blogger.com/profile/02680654681555827977noreply@blogger.comtag:blogger.com,1999:blog-5354570505974016585.post-32102714257564462152013-03-27T09:56:55.480-07:002013-03-27T09:56:55.480-07:00I’m glad this bill did not gain any tracking in co...I’m glad this bill did not gain any tracking in committee. I think the bill’s author wanted to strip municipal control because of recent scientific evidence of drillings concerns. As reported in Businessweek, “Scientists have linked Oklahoma’s biggest recorded earthquake to the disposal of wastewater from oil production” (http://www.businessweek.com/news/2013-03-26/oklahoma-earthquake-in-2011-tied-to-wastewater-wells-in-fracking).Anonymousnoreply@blogger.com