Seismic survey on my property - future well?
CGG Veritas wants to do a survey on my property. I have the agreement to sign, which is fine. They are giving me $15 per acre + damages. My question is, if this survey results in a well being built on my property, what should I be aware of as far as a fair bonus and monthly payments from the well being on my property? I will still get royalties for the mineral rights, but isn't this something completely different that would require a different contract? Surface rights? I don't know how all that would work.
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Permalink Reply by stephen c. robinson on
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cgg did a 6 hole charge on our property paid $80 /hole about 6 months later we got an offer for a pad site we did our homework and now we have a well on one corner also follwed with an row agreement, two nice checks, been in prod. for about 67 days turned to sales; no flow data yet on sonris. waiting on a check. been about a year since the cgg initial contact
patience is the key -
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