Seitel Data
We recieved a letter today from Seitel data, Ltd requesting permision to conduct a seismographic survey, including the right to ingress and egress across our land in Shelby county.
They are offering a whopping $15.00 an acre...
First of all what is this? What exactally do they want to do?
And, are they serious? $15.00 an acre!
They are offering a whopping $15.00 an acre...
First of all what is this? What exactally do they want to do?
And, are they serious? $15.00 an acre!
Views: 107
Replies to This Discussion
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Permalink Reply by Gertie on
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I also received a letter from Seitel Data stating the same thing. My land is currently not leased, so I'm confused as to why they would want to conduct a seismographic survey.
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Some O&G company has hired them to run a seismic survey to determine the potential of oil and gas. This could be a good thing if they get positive results. Might lead to a lease offer. Not sure what the going rate would be in your area.
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Permalink Reply by keb on
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What if they don't get positive results? would you then be left out, so to speak?
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Permalink Reply by SNETX on
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There is an active well less than a half a mile from our property. It's the Sample well. From what I understand it's big time. We also have a capped gas well on our property. We're in the Stricklan survey if that helps. Thanks for replying to my post.
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Permalink Reply by Les Bamburg on -
SNETX, generally initial offers are $15 an acre for access but I believe some people in other areas have received up to $30 per acre.
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