Every weekend I see gas folks walking the neighborhood, trying to get people to lease their mineral rights and give them access to the gas under their property. At the same time homeowner associations are banding together to try to negotiate better lease agreements between neighborhoods and the big gas companies that have come to town to court homeowners. There is strength in numbers. The media has begun to talk about these activities, and one comment this morning was"our part of the country will not see a recession because the gas reserve is our own little stimulus package".
The people who own the land where a drill site is located and people with large pieces of property, will fair pretty well. I just don't know how much income this will actually generate for a homeowner. Nevertheless, if it were a little warmer, I'd invite the neighbors over to have a BBQ to celebrate our good fortune and we'd all take a dip in the cement pond.