The housing market impacts of wastewater injection induced seismicity risk
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Date
2018-11-01
Authors
Ferreira, Susana
Liu, Haiyan
Brewer, Brady
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
Using data from a county severely affected by the increased seismicity associated with injection wells since 2009 in Oklahoma, 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 seismic activity has enhanced the perceived risks associated with wastewater injection but not shale gas production. This risk perception is limited to injection wells within 2 km of the properties.
Description
The final publication is available at Elsevier via https://dx.doi.org/10.1016/j.jeem.2018.08.006 © 2018. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/
Keywords
Earthquake, Hedonic pricing, Housing market, Oil and gas production, Oklahoma, Wastewater injection