Anyone sold their home near natural gas (fracking) well?

[Got5onIt]

For the last year I've been traveling alot for my new job and my wife and I have talked about selling our home summer 2014 in Denton. Within the last 2 months an energy company has come in and built 2 gas/fracking wells next to my subdivision & within a block of my home. We're worried now because the thought of selling our home this summer is now a pipe dream with these 2 wells sitting on top of us. Unless, of course, we're willing to take a significant loss.

Anyone in DFW seen their home values plummet from a situation like this?
Anyone try selling their homes, unsuccessfully, due to a nearby gas well?

Any information is greatly appreciated!

[txstangnut]

there were wells drilled next to my subdivision and it did not seem to affect prices at all.

[propellerhead]

I sold my house in southwest Fort Worth in mid-2011. There was a well and drill nearby. I'm looking at the county tax appraisal and Zillow now. The price hasn't changed since I sold it. Compare that to the average in an area in Fort Worth that doesn't have a well or drill to get a better idea.

Edit: I bought the house in 2006 and sold it in 2011. Its value went up $10,000+ when I had it.

[Trip McNeely]

Sell it and keep the mineral rights.

[Got5onIt]

Non of the residents in my subdivision own the mineral rights.

[Trip McNeely]

Whaat? There wasn't a pooling of acreage? Usually they pool the rights to the whole subdivision. That sucks.

[Got5onIt]

Whaat? There wasn't a pooling of acreage? Usually they pool the rights to the whole subdivision. That sucks.

Nope, nothing. They came in unannounced and started setting up drilling pads. Neighbors started sending email in a mad scramble for information.

[Trip McNeely]

Subdivision owner/Land owner probably has the rights then and let them drill.

[crapstang]

Subdivision owner/Land owner probably has the rights then and let them drill.

He knew what he was doing I guess lol

[Got5onIt]

Subdivision owner/Land owner probably has the rights then and let them drill.

That's the way I understand it. Home builders only purchased the land, original land owners kept the mineral rights.

[TexasT]

I haven't sold but do like getting the checks from chesapeake. I can see where your situation might not be ideal if you don't have the mineral rights.

[GrayStangGT]

It's just a gas well, what is the big deal? Unless it is in your backyard I wouldn't worry about it being next to your neighborhood.

[Got5onIt]

It's just a gas well, what is the big deal? Unless it is in your backyard I wouldn't worry about it being next to your neighborhood.

It's a big deal because of perception. You see a big ass fracking well right across the street in front of the entrance of my subdivision. Then when you turn on my street, another fracking well sits a few hundred feet behind a neighbors house. It damn near is in my back yard. Would you buy my house?

I'm not here to debate the legitimacy of health concerns or the benefits for national energy production. I just hope it doesn't ward off potential buyers.

I hope buyers take your attitude, I would have nothing to worry about then. :P

[Cooter]

a big ass well is really not much of anything once the drilling is done... just a christmas tree

[Got5onIt]

a big ass well is really not much of anything once the drilling is done... just a christmas tree

That works for me.
It appears a few here haven't had any issues with plummeting home values. Hopefully, I experience the same. Thanks to all who've replied.