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Energy Boom and Gloom? Local Effects of Oil and Natural Gas Drilling on Subjective Well‐Being
Author(s) -
Maguire Karen,
Winters John V.
Publication year - 2017
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/grow.12204
Subject(s) - drilling , boom , natural gas , directional drilling , petroleum engineering , metropolitan area , fossil fuel , environmental science , hydraulic fracturing , gloom , well drilling , population , natural resource economics , geology , engineering , environmental engineering , geography , economics , waste management , medicine , environmental health , mechanical engineering , archaeology , neuroscience , biology
Prior to the precipitous drop in oil prices in 2014, the U.S. had experienced a substantial increase in oil and natural gas extraction due to technological advancements including horizontal drilling and hydraulic fracturing. This increased energy development likely created both benefits and costs, but the net effects for local residents are not well understood. This paper examines the effects of conventional and horizontal oil and natural gas drilling in Texas on subjective assessments of life‐satisfaction and bad mental health days for nearby residents. Horizontal drilling has statistically significant deleterious effects on well‐being, but the effects are driven by the Dallas‐Fort Worth (DFW) metropolitan area, an area with both very high levels of horizontal drilling and a large urban population.