Facing South reports:
While natural gas development generally increases the value of nearby properties through leasing potential, worries about groundwater pollution from drilling cancels out those gains for homes that rely on drinking-water wells — and may even lead to a net drop in home prices. The findings hold for properties as far as a mile away from gas drilling sites.
“By itself, concern about groundwater contamination reduces property values by up to 24 percent,” the authors found.
Details at the link.