Was contacted today about signing for a 3D seismic shoot. I am leased. Was offered $15 per acre plus any damages. He said that was standard price everyone was being offered unless the lease stipulated different. My lease Exhibit “A” has the following statement: “No seismic survey shall be conducted on the lease premises without further permission of the Lessor, which permission shalll be subject to further requirements”. There is a water well testing clause, but in my case that is n/a.
Not looking to hold out, just want to make sure I’m getting a fair offer. Anyone care to elaborate on my position (lease language), anything I may need in the seismic contract, and what is a fair rate.
Sounds pretty standard. Would you care to tell us where you are? There are many who would like to know. Thank you!
I’m in North Evangeline Parish, but I was told that the project was huge - 600 square miles. Heard the same thing from both the guy with the seismic company and a principal of the company I leased to
Centuryman- I was wondering if rapides parish is included in this survey-or if we are dead in the water now. Obviously the re-entry into the old giant well was a failure. Wondering if the whole parish will be avoided now.
Can’t say for sure, but I got the impression that S/E Rapides would be included as well as parts os Avoyelles.
A land owner in western Avoyelles Parish said he was also offered $15 per acre for seismic lease last week.
Century man is it fair to ask who you are leased with and also the name of the seismic company? I heard same as Abington just mentioned. Wondering if all the same?
Also, is seismic company talking vibroseis or dynamite / shoot holes?
dynamite, contacted us JUNE
Sorry I don’t know enough about this to answer that. Care to explain the difference?
Definitely going to be shot holes. As it was explained to me the holes would be ~80 ft. deep. From the map provided of my prop. looks like E-W lines about 1/4 mile apart, with holes along those lines spaced every 200 ft. or so. Now the permit document did mention the right to use vibroseis. I asked about that and it was explained that it would be used on accessible roads and such (my prop. is timberland). I thought that meant the two types would be used in conjunction. I may have misunderstood if that isn’t normal. May just mean they have the option to use V.