Quote:
Originally Posted by fotze
Ohhhh, I see.
An 80 year old water well. I can't see anything going wrong with that.
I know when we have an 80 year old oil well, its an absolute treat to workover.
Cars barely last 15 years, imagine if it was buried in the ground for 15 years what the metal would look like.
I know if the government really did their job they would force them to properly abandon the disaster water well that probably now has swiss cheese for casing. I bet a half million dollars wouldn't cover abandoning that well to oilfield standards. They have probably fataed up that aquifer using a well that old. Introduced bacteria from surface.
If you are looking at an acreage and there is an 80 year old water well you do not buy that property.
Give me the location, we can pull the water well report, I can look at the closest well, when it was fracced and where and with what. easy peasy.
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Hypothetically speaking, if the frack did case the well water issues (not saying it did, but like Duffman said it's a big coinsidence) how would the company compensate or fix the issue?
Again, this is a hypothetical so the merits of whether the frack caused this issue are irrelevant. We'll say it did. How should it be fixed?
Drill a new well or pay for fresh water to be shipped in and wait 6 months then install an iron filter?
In my proposal above I would say that testing of nearby well water (or perhaps the aquafer) would need to be done to start and if this coinsidence happened the reparation would come out of the safety deposit.