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Robert Ellis
Pro Member
  • Developer
  • Columbus, OH
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Anyone developed within 500 ft of oil and gas rigs? large scale development 100+

Robert Ellis
Pro Member
  • Developer
  • Columbus, OH
Posted Feb 21 2024, 15:25

We are looking at a site for development that is 30 acres, the seller put a small oil pump jack that is 15' high. We are looking for 15 dwelling units to 25 dwelling units per acre in a suburban area. My thought is a large concrete wall higher than it and the flume as well as additional fence, soil, tree boundary. It was just installed two years ago. We are considering splitting the land off so we have 16 acres and the seller keeps 14 acres which is plenty size for what we want to do. We are doing this site as a land entitlement contract. It's in a submarket of Columbus Ohio called Buckeye Lake. I'm sure it's a long shot but just wondering if someone has encountered this before. Oil pump jacks are common in eastern Ohio but not Central OH this is the closest I've seen ever and in 10 years I've never seen one. I'd be happy to share my letter of intent we are submitting. The land has utilities available and is very cheap, $27k an acre. Rezoned multifamily land trades for minimum $120k but typically as high as $175k once entitled. Would love some feedback or advice. 

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