Replies to This Discussion

Permalink Reply by Henry on January 31, 2010 at 1:13

Barry, This sounds like a reasonable price. Note -- you may write an addendum to the contract that specifies such things as: notification before testing starts (not that anyone notified me, even though it was in my contract), parts of your land on which they may not go, deadlines for restoration if any damages occur, etc.

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Permalink Reply by Allen D, Beckham on January 31, 2010 at 9:14

Specify term limits to do seismic work, ie, 18 months, not unreasonable. Also, make payment due upon receipt of contract not upon star of work.

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Permalink Reply by Mac Davis on January 31, 2010 at 10:31

Unless you've got a lot of acres, don't do it for the $25 per acre payment.

If you do it, do it because it may increase gas/oil production and payouts.

Be sure to specify a small window of time in which they can do the survey.

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Permalink Reply by smith1 on February 1, 2010 at 5:21

we did $25/acre because from what I understand, the sooner they do the seismic the sooner they Might drill. We have 30 acres. Be sure and put an addedum (damages to timber, etc.), payment upon signing.

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Permalink Reply by Larry T on February 1, 2010 at 11:20

$25 is going rate in Bienville Parish, if they have surface rights, they can do anyway, there is very little damage invovled. only they sent us a check before they started.

LT

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Permalink Reply by Bobi Carr ("parker") on February 1, 2010 at 17:19

Has anyone else received any EXTRA if they are actually shooting the holes on your property?

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Permalink Reply by Anita Goodson on February 3, 2010 at 12:41

Barry,

What parish & section do you live in?

Anita

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