Replies to This Discussion

Permalink Reply by obed w odom on December 2, 2013 at 10:41

This Milstead 15 well in 15-22N-1E has now been permitted, permit # 247230.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

Permalink Reply by robert edwards on December 11, 2013 at 17:45

has anyone been contacted about seismic work in the area.

Permalink Reply by Larry on December 12, 2013 at 1:02

I was contacted on sunday.  Only offered $5.00 an acre  .

Permalink Reply by Bradley McWilliams on December 12, 2013 at 14:29

Not sure about down there specifically, but I think $5 is pretty standard.

Permalink Reply by Larry on December 12, 2013 at 15:29

Thanks.  I didn't have a clue if this was a low ball figure or not.

Permalink Reply by ROBERT STEVENS on December 13, 2013 at 5:02

I received $15.00 per acre after being offered $5.00 at Lisbon, La.

You better get a rider in contract to pay for any Timber or other damages.  They drive right over your small Timber.  I mean Timber 4 inches in diameter.  If your land is  in the Delta Farming area, and the land is wet, watch out for large Ruts.

Permalink Reply by robert edwards on December 13, 2013 at 17:48

glad to have your input.  I have a timbered tract and I don't want that to happen.

Permalink Reply by Ben Barnhill on December 13, 2013 at 17:54

I got a letter today asking for permission to begin Geophysical Operations on our 126 acres. It's located in Section 25 Township 22 North, Range 1 West in Union Parish.

They are offering $5 an acre for the permit.

Based on the discussion in this thread, it appears this is pretty much an industry standard although it looks like Robert Stevens got $15. I am not sure that I want to quibble over $1200 as I just want them to get started as soon as possible. That would be a great Christmas present if I had some optimism that we might see a payday from this.

Permalink Reply by robert edwards on December 13, 2013 at 18:01

I got the same letter for a 40 acre tract and $5 per.  I am not going to quibble on 40 acres.  I am concerned about damages and the length of time for the work which the lease did not address.  I agree that I want them to do it and as soon as possible.

Permalink Reply by BLZBub on December 14, 2013 at 5:13

I had quite a bit of that done on timberland in Red River Parish. Seems 5/acre was what we got. They didn't seem to do much damage.

As an aside, have a friend who is a deer hunter. Took last week off, but said hunting was poor for all the seismic testing they were doing. This was around Homer.

Permalink Reply by Francis Mayo on December 14, 2013 at 6:59

I received 25 bucks an acre from GeoKinetics/Cougar Land Services in July of this year. As in anything else, I was pitched a few low balls. I have learned not to swing at the first few pitches from energy pitchers. I had an amended agreement as well, to more favorable terms for damage.

Permalink Reply by Skip Peel - Mineral Consultant on December 13, 2013 at 18:03

I don't know if there is an industry standard for compensation for seismic surveys.  I do know that there are numerous discussions on this subject in the archive and that the most common price paid in those discussions was $15/acre.  As with an O,G&M lease the up front payment is not the most important term of the agreement.  Perform a search of past discussions using the key word, seismic.  Use the search box that says, "Looking For Something" located on the Main Page.

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