more jobs, jobs, J-O-B-S
http://www.businessweek.com/magazine/banking-on-shale-gas-to-preser...
Add this to that ...
http://www.res.us/wp-content/uploads/2011/07/SPE-141949paper.pdf
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Sesport,
I have literally put gas well pad sites in recently clearcut forested wetlands, that have been or are planted in monoculture pine plantation, and paid in excess of $15,000 per credit, with more than 3 credits required for the site, plus damages to the landowner. The $15,000 per credit ends up going about 60% to the original landowner of the bank, 10% to the consultants setting it up, 20% to the money men, and about 10% to the conservation group, plus the mitigation land (eventually).
I got no problem requiring mitigation, but the push to the banking system away from alternate arrangements means net that conservation groups are getting less of the pie than they otherwise would.
The issue about timber companies or folks doing ag operations not being required to get permits is a different issue. That said, in terms of wetland impact, its a much greater ongoing issue than Oil and gas will ever be.
Certain companies, EG Anadarko, have been fairly proactive in setting up mitigation arrangements.
Sesport
Due to economies of scale, bigger is better. The best credit generation happens by generating "ecological lift" on a site, so ag fields or recently clear cut timber makes the best property.
The study Baron referred to would assess the site, plan mitigation appropriate to the site, and prepare a prospectus to the USACE. USACE trots it around to other agencies (EPA, USFWS, TCEQ/LDEQ, etc) to make sure it passes muster, and if so, you can get your vary own mitigation bank. Oh and you may have to put up financial assurance, do yearly monitoring, and marketing of your credits....
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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