Land For Sale Nebrask Case Study

Decent Essays
Land for Sale Nebraska – Oil Field Areas
The oil and gas boom that the nation has experienced in recent years has got potential land buyers focusing on the profit possibly lying just under parcels of land in Nebraska. Although the state has ranch land and hunting property, prospective buyers may not be as interested now in those uses of the land. Counties with land for sale in the western border and a few in the southwest, in particular, are located in a good-sized portion of the Niobrara Shale area. In those areas, people have hundreds of acres for sale.
Counties Where the Oil and Gas Industry Is Active
Nineteen of Nebraska’s 93 counties, or about 20 percent of the state, have oil and gas production. These counties are as follows:
• Richardson
• Franklin
• Harlan
• Furnas
• Red Willow
• Hitchcock
• Dundy
• Chase
• Hayes
• Frontier
• Lincoln
• Garden
• Duel
• Morrill
• Cheyenne
• Kimball
• Banner
• Scotts Bluff
• Sioux.
As this increase in the economy occurs credited to the oil and gas industry, land lots are sure to be more expensive than in the past. You might, therefore, expect to have to pay a premium in these counties. This increase will affect residential land for sale also.
Major Issues in Oil and Gas Counties
…show more content…
Nebraska has not been immune to these controversies either. Right now, for example, Sioux County’s citizens and a Colorado company called Terex are in a battle over using an oil well that is no longer used as a brine disposal site. A brine disposal site is where drilling companies get rid of the residual saltwater from drilling operations, which usually contains “fracking” chemicals. Residents there are concerned about the safety of such an operation, even though over a hundred similar wells are currently operating in Nebraska. A recent check on acreage for sale in Sioux County showed 640 acres of country

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