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Permalink Reply by Bacon on March 9, 2011 at 17:48

A couple years ago we got $15 an acre as the initial offer for the Veritas Red River shoot.  The going rate then was $25 so they gave an extra $10 for "damages".  That was for a one time deal.  Another outfit, Micro Seismic, pays every year as long as the holes with their equipment are still in the ground.

 

I don't know what the going rate is now.

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Permalink Reply by David Bass on March 9, 2011 at 18:32

Thank you! 

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Permalink Reply by KIM CASWELL on March 9, 2011 at 18:29

we got 25 an acre plus i only allowed cables no blasting.

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Permalink Reply by David Bass on March 9, 2011 at 18:32

Thank you Kim.

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Permalink Reply by Robert G. Oliver on March 9, 2011 at 18:33

T

hat  is about right but it depends on the type of land it is and what type of charge they arre going to set.  I would want to know the charge size before I would sign up.  I would want to know how close to any wells or  buildings first.  If you havde any more questions email me and will try to answer them.  I ran crews for over ten years.

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Permalink Reply by David Bass on March 9, 2011 at 18:38

Thank you Robert,  I was just reading one blog on another site and they reported  3D seismic lease figure of $5500.  However I couldn't find any  other  figures that high.  If we sign such a lease , would you recommend that landowner limit it to a "one-time"  operation? (and  that would mean that the company would need to negotiate any future seismic operations.)

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Permalink Reply by Bacon on March 10, 2011 at 5:13

As far as I know (which aint a whole lot), conventional seismic such as 3D is always going to be a one time deal.  Micro Seismic is different in that they are monitoring the fracs of multiple wells and who knows what else.  That's why they are a long term deal.

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Permalink Reply by David Bass on March 10, 2011 at 5:21

Thank you - that is helpful !

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Permalink Reply by Spring Branch,mineral owner on March 10, 2011 at 5:29

I got $25 an acre.

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