Not exact matches
That year,
drillers packed into the Permian basin in western Texas,
where the
cost of producing oil is low but the price tag on land — and the companies who own it — has skyrocketed.
The socioeconomic section of the SGEIS faced a huge amount of criticism when it was released because it concentrated on positive economic impacts while not giving any estimates of
costs incurred to municipalities or the state or any treatment of the socioeconomic stresses seen in other areas
where wide - spread
drilling has occurred, such as higher rents, noise, higher crime rates, increased traffic, and loss of jobs in other sectors.
While this boom creates low unemployment and increased investment options (including real estate) in many secondary and tertiary markets
where drilling is prevalent, natural gas exploration is not without risk and
cost, including increased carbon emissions, groundwater contamination, reduced economic activity in alternative energy sectors and the potential for boom - and - bust local economies susceptible to rapid declines in production.