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Conveying The Science of Energy Production and An Associated Risk Management Assessment in Non-Legacy Regions

Thomas Murphy

Summary

With increasing amounts of energy being produced in non-legacy rural areas of the U.S., often on or under agricultural land, there are large
numbers of landowners facing decisions concerning the placement of related equipment and the implications from a land use standpoint, along with associated financial, environmental, and social issues connected to the development. Wrapped around those landowners, are additional layers of stakeholders that are impacted in a more indirect fashion by decisions made by their neighbors. And in a larger context, the broader societal ramifications of this energy production impacts us all in some manner. Since most all energy production is not done in a vacuum, meaning it moves "offsite", traveling from place of production to ultimate utilization, the country as a whole has a vested interest in this evolving energy conversation, even more so with a heightened awareness of climate based concerns now and in the future.

This presentation will focus on multi-faceted methods utilized to educate rural landowners, with an ongoing emphasis on the ag community, pertaining to land leases, pipeline right of ways, financial planning related to energy royalties, and overall risk management related to their agricultural operation.

While rural shale gas production will be used as a case study, current expansion of renewables, with similar opportunities and concerns, will give Extension participants new ideas for how to work with their clientele.

Details

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