landowner

Pad Acreage Prices?

Sooo, what's the going rate these days?  Thought I saw $20K an acre in a thread a while back.

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Oil & Gas ProPermalink Reply by dbob on January 30, 2012 at 13:53

Bacon - strongly depends on where - I know of sites in rural areas being compensated at less than $5k acre


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on January 30, 2012 at 14:12

Depends on how much the operator would save in site improvement costs for a given location.  If it was located on the right section line with near by hard surface road access and no comparable available alternate acreage, it could easily be worth $20K per acre.  That would be an exceptional  best case scenario, not the norm.


landownerPermalink Reply by Bacon on January 30, 2012 at 15:19

Thanks guys.  They've got it staked out just south of an existing pad in the adjacent section.  Not sure why they couldn't use that one.  They claimed they were going to have multiple wells on there originally.  It was $5K a few years ago so figured it might have gone up a little by now.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on January 30, 2012 at 15:22

Paired well pads on either side of a section line are common. 

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