The Housing Market Impacts of Wastewater Injection Induced Seismicity Risk
Author: Haiyan Liu
Publisher:
Published: 2017
Total Pages: 43
ISBN-13:
DOWNLOAD EBOOKUsing data from Oklahoma County, an area severely affected by the increased seismicity associated with injection wells, we recover hedonic estimates of property value impacts from nearby shale oil and gas development that vary with earthquake risk exposure. Results suggest that the 2011 Oklahoma earthquake in Prague, OK, and generally, earthquakes happening in the county and the state have enhanced the perception of risks associated with wastewater injection but not shale gas production. This risk perception is driven by injection wells within 2 km of the properties.