Ranjana Bhandari and her husband Kaushik De, who recently failed in their attempt to prevent Chesapeake Energy from drilling for gas near their home, stand near a Chesapeake Energy gas well in Arlington, Texas September 16, 2012. Picture taken September 16, 2012.
REUTERS/Mike Stone
reuters.com - By Brian Grow, Joshua Schneyer and Anna Driver - October 2, 2012
(Reuters) - Ranjana Bhandari and her husband knew the natural gas beneath their ranch-style home in Arlington, Texas, could be worth a lot - especially when they got offer after offer from Chesapeake Energy Corp.
Chesapeake wanted to drill there, and the offers could have netted the couple thousands of dollars in a bonus and royalties. But Bhandari says they ultimately declined the deals because they oppose fracking in residential areas. . .
. . . This June, after petitioning a Texas state agency for an exception to a 93-year-old statute, the company effectively secured the ability to drain the gas from beneath the Bhandari property anyway - without having to pay the couple a penny.
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