Is your land located in or out of the boundaries of the unit? I don't know what is "fair", but my property is in Texas and the well site is not within the boundaries of the unit. My family received $5000 per acre for surface damages plus we will get an annual lease payment of $1000 per acre as long as the site is being used. We were paid for our timber. We also were paid for a subsurface easement on the well bore.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More