Southern California Gas Leak

Southern California Gas Leak Update And How Homeowners Are Affected

Gustan Cho Associates are mortgage brokers licensed in 48 states

This Article On the Southern California Gas Leak Updated And PUBLISHED On September 24th, 2020

What effect does homeowner update on a gas leak from southern California

The California Division of Oil, Gas, and Geothermal Resources (DOGGR) confirmed that the well that had been leaking at the (SoCalGas) at the Aliso Canyon storage facility:

  • The leak has been permanently sealed and taken out of service
  • On Dec. 4, 2015, SoCalGas commenced drilling a relief well to stop the natural gas leak by plugging the leak well at its base
  • The company pumped in heavy fluids and successfully controlled the flow of gas out of the leaking well
  • SoCalGas began to pump cement from the relief well into the base of the leaking well, completing that process

In this article, we will discuss and cover the Southern California Gas Leak Update And How Homeowners Are Affected.

Responsibility Of Southern California Gas Leak

As part of their independent responsibilities, the California Air Resources Board (CARB) and the South Coast Air Quality Management District (AQMD) have been monitoring on an hourly basis Methane levels in the community.

  • Both agencies have reported an abrupt decline of Methane levels and consistent with the temporary control of the flow of gas
  • Now that the well is sealed, there should no longer be any gas or odorant being released from the well (so they say)
  • According to SoCalGas, as a result, we as residents should no longer experience short-term health symptoms once the odor exposure has diminished
  • However, as for the longer-term effect, according to the Los Angeles County Department of Public Health “Mercaptans” and other odorants have not been associated with long-term health effect
  • However, in my humble opinion, anytime the government tells you there is no long-term health risk involved (buyer be-ware) to anyone with any common sense, any long-term health effects are still unknown and will be for quite some time
  • One thing is for sure, home values have been impacted in this affluent community of “Porter Ranch” much like the long-term health risks, the bandwidth, and for how long?

That’s an unknown that remains to be seen, all we can do for now is pray and hope for the best.

Effects Of Southern California Gas Leak On Residents

What effect does the gas leak from southern California have on the residents?

Residents of Porter Ranch and surrounding areas who relocated as a result of the gas leak will be notified of this important milestone.

  • Residents, who have temporarily relocated to short-term housing such as hotels, will have up to eight days to transition back to their homes
  • As for those residents who have been placed in rental housing, they will have through the agreed term of their leases to return home, which for many could be till the end of March

Until the next blog that’s it for now.

Massimo Ressa

About The Author

Massimo Ressa is the Chief Executive Officer of Gustan Cho Associates Mortgage Group. Massimo is a contributing writer for Gustan Cho Associates Mortgage And Real Estate Information CenterMassimo Ressa realizes how complex the mortgage process is and the hundreds of mortgage regulations that the government has implemented. One of the most important goals for Massimo Ressa in life is to help others and make the dream of homeownership a reality for home buyers. Homebuyers who could not qualify or have gotten denied by other mortgage loan officers can qualify at Gustan Cho Associates. Over 75% of our borrowers at Gustan Cho Associates are folks who could not qualify at other lenders due to their overlays. Gustan Cho Associates has no overlays on government and conventional loans. Massimo Ressa is grateful and blessed to have Massimo Ressa as our senior writer and look forward to his upcoming blogs in the coming days and weeks.

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