Seismic Survey Permit 101 aka I have questions

My family members have leased land in Lincoln Parish to MRD. They were recently approached by Diversified Land Management / Seitel to sign a permit for seismic survey.

Some of the family thinks it's a good sign and they want to move forward in hopes for drilling and eventually royalty checks. With so much going on in the area and they money MRD already spent, it appears they want to drill.

Some members worry that if the survey isn't favorable, the lease won't renew when the time is up and that would be the end.

We have read all we can find this week on the Internet trying to find a downside or reason to hesitate on the permit.

Can some of you with experience and knowledge tell us your experience with your land and the permits?

Thanks in advance

Tags: Lincoln, Seitel, Wildhorse, diversified, land, management, memorial, parish, permit, resource, More…seismic, survey

Views: 385

▶ Reply to This

Replies to This Discussion

Permalink Reply by MelD on September 13, 2016 at 10:59
It's around 200 acres. Most want to sign the permit. Just trying to see both sides and having trouble seeing why they are resistant. Thought maybe we were missing something.
Permalink Reply by Skip Peel - Mineral Consultant on September 13, 2016 at 12:17

MelD, you're not missing anything.  If you have surface issues/concerns, by all means address them in the agreement.  Otherwise be encouraged that MRD is willing to spend the money to shoot your area. If it was my land I would be willing to grant permission as long as there are damage provisions included in the agreement.  Good luck on getting some wells.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Looking Back At The Haynesville Shale - A Retrospective

Looking Back At The Haynesville Shale - A Retrospective
2 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
3 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
4 Aethon looks for Buyers of its Haynesville Assets

Aethon looks for Buyers of its Haynesville Assets
5 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
6 Comstock October Presentation

Comstock October Presentation
7 Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service