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Permalink Reply by Henry on June 21, 2010 at 0:18

Many of the standard permits are open ended. Make sure you put in a termination date.

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Permalink Reply by DJG on June 21, 2010 at 4:16

Thanks for the input. Not a huge tract, but 160 acres so it would be a decent size chunk in the overall picture.

My leaning is to go ahead and ask that they be included and see what the reply is.

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Permalink Reply by DJG on June 21, 2010 at 5:18

Thanks Jay.

Agreed, not a deal killer if they don't agree to sharing the data - but should give us other trade-off bargaining power with respect to negotiating other concessions/protections.

This is not for our minerals in Shelby County, but rather for our other property in Washington County. Historically, there have been some decent Austing Chalk oil and gas prospects surrounding us.

Some recent maps that I've seen have shown that the Eagle Ford trend does continue upward from South/Central Texas and our area is right on the boudry lines delinating the oil/wet gas transition window.

Curious to know if having the data for our 160 acre tract would help us know if, indeed, we did have oil. Would that info be possible to be accessed from our 160 acres of data?

Thanks again for your insights and assistance.

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Permalink Reply by Pauln on June 21, 2010 at 7:16

I agree totally with Jay. Seismic mainly just shows the structure of the area. I attached a piece of seismic that shows what you get if you have 40 acres of Haynesville. You would never know if you are high/low to your neighbors.
The oil/gas company can do sophisticated seismic attribute analysis if the seismic they have covers many square miles and they can correlate that seismic to many wells in which they have lots of petrophysical data.
In your case with 160 acres, there is no way for you to know. Stick to your geological maps for your answers.

Attachments:

• seismic 660.jpg, 128 KB

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Permalink Reply by DJG on June 21, 2010 at 7:23

Thanks guys. Helpful information.

I think that I will still ask that they provide the information to us as part of our contract with the assumtion that they will deny the request.

Will then use that denied request as a barter point for them to conceed other points that I would like to have.

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Permalink Reply by adubu on June 21, 2010 at 7:46

answers to your questions 1) No--$25 from Seitel Data in East Texas area 2) No- I did ask but they said no way 4) basically yes--include addendum to permit saying they agree to promptly pay in full for all damages to the surface of the land, roads, culverts, bridges, fences, building, improvements as well as damages tpo growing crops, livestock,grasses,timber,trees, and/or and other personal property. Payment within 30days after it has been brought to Seitel Data's attention 5) The landowner will receive one week notification before they start. Landowner has no liability. They will remove all equipment and once removed can not return at later date and resume operations without new agreement. 3) No--that's your choice they said

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