Radburn Could Frack Daily Field Rather Than Sell It To Landmark

Radburn is selling Daily Field to Landmark for the sake of money. They want the $3 million for the land and the $500,000 in new dues from the new people living there. But what if they could make even more money by fracking Daily Field? Then it could remain a green space, without the increased traffic and congestion.

Under Daily Field is a river which according the recent Record story should have an abundance of shale which produces natural gas through fracking. Recent estimates from other states indicate that the lease rate for fracking Daily Field could be as high as $3 million plus a 20% yearly royalty that would bring in more than $500,000 a year. So if Radburn really wants money, fracking is the better choice. In fact for all we know, after Landmark builds its units, it may sell some drilling rights to fracking companies and make a fortune. Radburn needs to amend its contract with Landmark to allow it sharing 50-50 in any natural gas drilling revenues.

Now of course fracking is not now legal in New Jersey, so this is all conjecture. But you can bet it's coming here, with all the new safe methods that don't pollute ground water or destroy land. Fracking is clearly the future of America becoming independent of Middle East oil and those countries are already very worried about this trend.

And what about the homeowners with houses on Plaza Road stretching from Exxon to Daily Field. They have been worried sick about pollution below their homes. The fact is that the river below them could be worth a fortune and they may in fact be living on a gold mine.