ARE YOU LOOKING FOR A HOME TO BUY?
Before buying, you need to know if your dream home has a hidden plugged oil or gas well under it because it can reduce your future home's value.
We can help. Don't make a mistake, Get the WellFactsTM first!
Learn more below and then complete the form to get started on the product you want.
Many people do not realize that oil and gas wells have been drilled for over 100 years in numerous areas. In fact, it is estimated that over 2.5 million wells have been drilled onshore in the United States. This map from the USGS in 2017 shows the extent of known wells. The likelihood of property being affected is very high regardless of where you live.
Oil and gas well sites are not included in title work. Mineral leases are recorded in title work, along with any easements, but the actual well location is not identified. Since these old wells are cut off below ground, they do not show up on a survey. This also means any old buried pits or gathering lines are not identified. Therefore, you are not aware of their existence.
Studies show known oil and gas wells close to homes can reduce their value by 15%. Imagine how much the value of your home could be reduced if hidden wells are found. As an example from a real neighborhood, the stars in the picture show plugged wells, which are all below ground.
Most oil and gas wells are plugged with cement. No one knows exactly how long cement plugs will last, but they have only been used for about 100 years. During this time, many failures have occurred. As with any engineering solution, failures occur if there is no maintenance. Determining if failure is occurring is difficult when it is below ground. This picture depicts an exposed plugged well that is slowly leaking.
We offer three solutions to learn about old oil and gas activity on property: WellFacts™ QuickScreen, WellFacts™ Report 1, and WellFacts™ Report 2. You can start with QuickScreen because it provides information on oil and gas well density by zip code. Once you have a specific home in mind, Report 1 identifies if there is old activity or not on a property. If there is activity, Report 2 gives a more detailed analysis.
Next Steps - Complete the WellFacts™ Customer Request Form
To find out about about a piece of property, complete the form below depending on the product you are interested in.
For Wellfacts™ QuickScreen, complete Section 1 of the form and the zip code only for Property Address and the County in Section 2. If you are interested in two zip codes, complete the Property Address and the County in Section 3. We then send you an order form so you can determine the well density. The price for this screening product is only $45 per zip code.
If you are interested in WellFacts™ Report 1, complete Sections 1 & 2 of the form and we then send you a quote for the report. Pricing depends on the size of the property you want investigated. As an example, Report 1 costs $250 for a lot that is two acres or less. We also offer two of these reports for $300, if ordered at the same time, for property comparisons by completing Section 3.
If wells are identified on a property, we offer a more detailed Report 2. WellFacts™ Report 2 starts at $450 for a lot that is two acres or less.
Don't make an offer without getting the WellFacts™ first.