This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

S. Illinois Counties Seeing First Of Fracking Rush

"When all this activity first started, it was overwhelming to say the least," she said, noting three to four dozen people at a time once sought access land records she's now digitizing.

It's a similar story in Wayne County, where the governing board uniformly has endorsed fracking. Clerk Glenda Young estimates her office has collected $200,000 in fees since 2011, plowing a chunk of that money into a soon-to-be-completed push to put her records online.

"That wouldn't have happened had it not been for the rush" from which more than 2,000 land leases have been recorded since January 2010, she said.

In both settings, the rush has tapered a bit, leaving elected officials in the counties eager for what they hope is the next wave of fracking prosperity.

Now, "we're waiting on the oil boom," said Gary Sloan, Wayne County's board chairman. "It would change the county, and it'd never the same â¿¿ but in a positive way. Bring it on, and the sooner the better."

Near the county's courthouse in 5,400-resident Fairfield, Julie McGill credits the land rush with saving her Jemini Coffee House. After the economy tanked five years ago, she said, "we thought about selling but decided to hang on a little longer." In came the land men, whose patronage of McGill's shop helped her pay off the business' 10-year bank note.

"They came at the right time, by the grace of God," she said.


Associated Press writer Tammy Webber contributed to this report from Chicago.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $99.54 0.00%
GOOG $678.11 0.00%
TSLA $148.25 0.00%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs