landowner

CGG Veritas Co. want to conduct a 3-D siesmic survey on my property in DeSoto Parish. Does anyone have any information about this company?

 

The company is not offering much money at all per acre for non-exclusive right to perform the survey. The survey involves drilling shot holes. I think we need to request more payment for this survey.



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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 25, 2011 at 5:23

There a number of members who have signed with CGGVeritas.  They are a major seismic company that has performed a number of shoots in the Haynesville Play area.  You can go to the archives and read through a number of discussions which mention the company.  Here's a link:

http://www.gohaynesvilleshale.com/forum/topic/search?q=CGGVeritas

As far as the offer amount, no one can tell you if it is low or high if you do not reveal what it is.  Seismic companies don't offer large per acre amounts.  Typically in the $15 - $25/acre range.


landownerPermalink Reply by Gayila B on August 25, 2011 at 6:25
The offer from CGGVeritas is $15.00 per acre and $10.00 per acre for a pre-payment for damages.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 25, 2011 at 6:28
I would consider that a reasonable offer.

landownerPermalink Reply by Gayila B on August 25, 2011 at 6:30

Thank you for the info.

 

Gayila B.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 25, 2011 at 6:45
You're welcome.

landownerPermalink Reply by JAMES SMITH on August 25, 2011 at 7:20

Where in Desoto parish

Permalink Reply by Daryl on August 25, 2011 at 7:49
James, they were in 20-13-14 a few weeks ago. Kinda a weird feeling hearing the boom and feeling the house shake. Whats really interesting is this was their 2nd time thru and they drilled a well in between trips. Makes you wonder what they are looking for?

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 25, 2011 at 8:32
The majority of seismic shoots are proprietary and available only to the client or clients that ordered it.  If another energy company wishes to have data for that same general area, a new shoot is performed specifically for that client.

landownerPermalink Reply by S P L on August 25, 2011 at 8:47
Same company did seismic on my land in Sabine a year or so ago. Pricing was as above. They did not leave any mess, like lunch trash, and I've not found any unfilled holes.
Permalink Reply by olddog573 on August 25, 2011 at 10:30

CGG has scanned my property twice and I have had no issues with them.  $15 + $10 is also what I was paid.


landownerPermalink Reply by Henry on August 25, 2011 at 23:37

Veritas is reasonable.  But if I remember, their basic permit did not contain any indication of how long the permission to do the shoot would run.  Add an addendum to the contract that gives them something like 12 or 18 months to complete all work.  You don't want the permit to run forever. 

 

Also, in that addendum, ask that they will notify you two weeks in advance as to when they will be on your property.  Survey your property and even take photos, just to document its condition.  Then, if damage occurs, you will have a record of what it iniitally looked like, for comparison.

 

In the addendum, spell out how they will reimburse you for any possible damages, e.g., something like you will submit a request within 90 days of their activities, and they will pay you within another 30 days, or some such thing.

 

My experience is that it pays to have this outlined all in advance.  With any luck, none of it will be necessary.

Permalink Reply by olddog573 on August 26, 2011 at 3:54
They are easy to deal with.  I found a check that was out of date by about a year, contacted them, and they wrote another check, all was done hassle free.

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