My question is say a neighbors property gets the pad and laterals drilled on it. Say I am included in that unit with either the north or the south laterals. My question is will they put a well pad on my property and drill laterals north and south as well? Not quite sure if everyone gets a well pad on their land or not?
One well pad can drain 1280 acres some are 640 acres. no need for more pads within that acreage.
So essentially you would get paid for 3 laterals depending on which direction then right for a 640 acre unit? I am thinking since my lease allows pooling I might get paid for 6 laterals eventually from neighboring properties. 3 from SE and 3 from NW eventually.
I am thinking more in the line of being between 2 different wells. One well pad would be located west of me and the other well pad would be going in east of the land. I would essentially be in the middle of both of them.
OK Thanks Fang that is what I wanted to know.