Was contacted today about signing for a 3D seismic shoot.  I am leased.  Was offered $15 per acre plus any damages.  He said that was standard price everyone was being offered unless the lease stipulated different.  My lease Exhibit “A” has the following statement:  “No seismic survey shall be conducted on the lease premises without further permission of the Lessor, which permission shalll be subject to further requirements”.  There is a water well testing clause, but in my case that is n/a.

Not looking to hold out, just want to make sure I’m getting a fair offer.  Anyone care to elaborate on my position (lease language), anything I may need in the seismic contract, and what is a fair rate.

Thanks

Views: 2942

Replies to This Discussion

They will use the vibroseis in conjunction with the shot holes were possible (i.e. along roads). Much less expensive process to get similar data quality.

Thanks RM for clearing that up for me.  That’s how I understood it.  But when you asked which type they were going to use; I was confused and didn’t know how to respond. Thanks again.

CM, 

They're bad about slipping an option to lease into a seismic contract. That would be on their terms. It will cost you dearly. Avoid an OTL at all cost, even to the extent of telling them where they can shove it. 

It has happened because I have seen them recorded as written within seismic contracts. It is not common, but never is it surprising, either. It doesn't seem to be happening in the current merry-go-round, however. 

Think Bathgram. Fine print. Raked over the coals. Skewered. 

Thanks B Z; but not in my case.  Already leased anyway.

THANKS for clearing the air CM,,, ive been waiting on that response......whewwww.......

Jay do you know what parishes they are doing the seismic survey on?  Obviously we know Evangeline but was wondering if you could post the other areas. 

Thanks Jay

Beauregard and Allen Parishes have seen some deep 3D seismic activity in recent years, and there are some projects that go back pretty far in time done 2D. Some drilling occurred in the western Allen Parish near the Beauregard line before the last price collapse. I recall there were some wells completed in Allen prior to that crash in crude prices. Looks like things are looking up again as the following well is permitted north of a known Wilcox fairway running from Kinder, LA into Texas. It's several miles to the north before you find AC wells, and it's anybody's guess as to where the Tuscaloosa lies.


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

Hello...... If I can recall correctly, 3D Seismic activity was done for several weeks in Livingston Parish areas S of I-12 during 2013/2014!   South Satsuma Rd. and areas to the S, E, & all around  Livingston Parish.  Near and around the Town of Livingston.

The local newspaper, Livingston Parish News ran an article for about it, also...just recently Blackwell LLC out of NOLA ???  leased properties near us to the East..and about a half mile S  of me... 

Thanks....Colyell

Any new information on the seismic survey?  Haven’t heard anything on this front lately.

Any in the Rapides Parish area to speak of.

RSS

Support GoHaynesvilleShale.com

Not a member? Get our email.

Groups



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

Badges  |  Report an Issue  |  Terms of Service