All things pertaining to the Marcellus & Utica Shale
Water impoundments
We are looking for information on water impoundments..._acreage used, leasing values, agreements, etc.
We have been tentatively approached about the possibility of Chesapeake putting a water impoundment on our property in a lower field. The field is currently used by a local farmer to grow hay. We are curious what kind of leasing payments people receive for these ponds. Thought it was funny that they approached us as our property is currently not leased by anyone. Also the gentleman said they would need between 15 and 20 acres? That seems like a lot more space than most sites take up that we've seen.
Any information appreciated.
Tags: Water, impoundment, leases, ponds
Views: 307
Replies to This Discussion
-
Permalink Reply by Fang on -
You need a very inclusive agreement. First how much are they going to pay you $3,000.00 an acre might be fair.
Access road ? How will the pit be constructed ? How long a period of time. Reclamation ? Care of topsoil ? Indemnity ? Etc. Etc.
You need a good attorney.
Mark
-
-
Permalink Reply by Frank Walker on
-
"Water" impoundments come in different "flavors". If it's a FRESH water impoundment that's one thing. If it's any other kind of "water" that's another matter entirely.
And regardless the kind of "water", be prepared for lots of large trucks 24/7 with engines running constantly. Be sure you are upwind from the impoundment. And be sure to arrange things so lighting at the impoundment does not illuminate your bedroom at night.
As for your neighbors, if any, and all of the above considerations . . . . God help 'em!
One final thought: Sometimes impoundments that start out as freshwater impoundments don't end up that way.
-
-
Permalink Reply by Peacegirl on
-
I agree with Frank. Also a hole dug for a water impoundment could in the future be very enticing as a storage pond for other drilling fluids, not that this would be brought up initially, but I think it should be considered a very real possibility. Once the gas industry gets a pond on your land, unless you put a shack out there and monitor everything that goes on 24/7, you will never be sure what kind of "water" you have. I have not leased my land in Bradford County. The biggest reason is that I am very aware that, once you go into business with a gas compnay, they pretty much own you. I don't care how good your lease is on paper. That goes for water impoundments, pipelines, compressor stations, as well as actual gas wells.
If you want to see what one of these impoundments looks like, go to Google Maps and type in French Azilum Road and State Route 2014. You'll probably be able to find the huge water impoundment there. Would you want this on your property?
-
Join a Group & Get Connected Locally
-
Carroll County OH
128 members
-
Butler County, PA
221 members
-
Monroe County, OH
140 members
-
Washington County, OH
65 members
-
Ashtabula County, OH
114 members
© 2012 Created by Keith Mauck (Site Publisher).
