I just got done reading this awesome article in Kiplinger, and it turns out there’s a Shale Boom going on right now beneath us! Literally! (Well, if you happen to live in Pennsylvania or West Virginia or Ohio or New York, haha…) It gets me so excited that I kinda sorta but not really wanna move out there ;) Who wouldn’t want an explosion of shale money being rained all over them though? Just for being lucky enough (or smart enough) to have bought on a pile of rocks? I’d totally lease out my mineral rights for some nice chunks of change every month. It’s not like I’d be doing anything with ’em anyways ;)
Of course, along with all that money comes a whole mess of variables that could go awry too, which we’ll get to in a second, but if all worked to your advantage you’d be sitting nice and pretty. Living your life as normal, all the while getting residual checks every month for $500 or $5,000 or even $50,000 if you got lucky enough! (Not to mention the sweet bonuses you’d probably squeeze out too). Your drinking water may not be safe anymore, but that’s the chance you’d have to be willing to take ;)
In fact, here are a slew of them you’d have to be okay with before taking up anyone’s offer:
- You’d have all kinds of stuff installed on your property, making your yard look strange. Unless everyone else in town was doing the same.
- The environmental affects are still questionable. There wasn’t enough room in the article to get into the dirty dirty here, but they did allude to possible problems as research still isn’t completed on this kind of extraction yet. One of the biggest concerns, and rightfully so, is the affect it would have on everyone’s drinking water.
- Your water may be contaminated. Def. a bigger problem than I jokingly mentioned above ;) In theory the companies would make sure that all is taken care of, and even IF they do something stupid that they’d fix it back to normal, but we all know how that can turn out in the end, eh?
- Nothing’s guaranteed. They may strike the jackpot, or they may go years and years without pulling out anything whatsoever. So you’d pretty much have to be okay with uglying up your yard (or acreage) in case it falls short.
I’m sure there are other problems to consider as well, but those were the biggies that I pulled from the article. Long story short – If you’re sitting on tons of shale rock and don’t care about the possible affects, you could be bringing in some mighty fine money over the course of the next dozen or so years. You might even be called Kiplinger’s next “Shalionaire!” haha… their section on “Shalionaires gone wild” was my fave part of the article ;) Even though it was really about all the financial consequences that would come up if you were to get handed all this new money (taxes, legal fees, etc). I was hoping for some pretty juicy stories ;)
If you don’t happen to live near any of these shale deposits though, but you still like the idea of it all, there was some stocks that were recommended in the article too. Apparently there’s *always* a way to invest in things these days! I won’t go into all the details cuz it’s actually not that exciting really, but if you’re interested these were the companies Kiplinger said to check out: Chesapeake Energy, Ultra Petroleum, National Fuel Gas, Schlumberger, Halliburton, EV Energy Partners, and lastly, Williams Partners. The links go to their respective Yahoo Finance pages.
So that’s the whole shebang. You get mad money for doing nothing – what do you think? Would YOU jump on this opportunity if it were to ever arise? HAVE you jumped on something like this already?? It’s definitely nothing to consider lightly, but I find the whole idea incredibly fascinating. I was telling my wife it’s a good thing we don’t live in the gold rush these days cuz I’d be the first one to fall for it! Haha… Or possibly the first one to have been successful, who knows ;) Maybe this blog woulda been called Goldmining Is Sexy instead?
(Photo by Fikret Onal. All dolled up by J$)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!