Residents, City Will Share Economic Toll Of Less Barnett Shale Production

On January 26, 2012 — No comments

Chesapeake Energy’s decision to scale back gas production and drilling on the Barnett Shale is expected to take a similar toll on city revenue in Fort Worth and on private citizens.

The decision means more gas will be left in the ground until prices go up. And no gas production means no royalty checks for property owners.

“We saw a check for maybe $300 and they promised us we were going to get more at least monthly or every other month,” said Gema Guzman, who has several well sites in her neighborhood. “And we haven’t seen any money at all.”

What’s affecting Guzman will affect the city of Fort Worth, too.

Gas production under city property earned Fort Worth $174 million during the tough economic times since 2005.

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