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The Impact of Oil and Natural Gas Facilities on Rural Residential Property Values: A Spatial Hedonic Analysis

Author(s):
Peter Charles Boxall and Wing Hong Chan

Date:
01.2015

Source / Publisher:
Resources & Energy Economics

Key findings:
The presence of oil and gas facilities within 2.5 miles of rural residential properties in Alberta, Canada reduced property values between four and eight percent, with the potential for doubling the decrease, depending on the level of industrial activity.

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