I was just contacted by a company wanting to do a study across part of our property including drilling holes and using small explosives to find gas.    They are offering a very small sum per acre.   Has anyone else been contacted by these people.   He did mention Chevron, but said he does not represent them directly.  Thanks.

 

Views: 2749

Reply to This

Replies to This Discussion

Other entities use seismic technology to locate gas.  "Thumper trucks" send seismic waves into the ground.  I was recently at a farm in Fayette County where a plane was flying overhead with some sort of seismic "ball" (my  layman's term - the landowners did not know what it was called either) hanging from below the plane and the plane was flying very low over the property to utilize the seismic wave technology. 

I would talk to this company more for more information and even call Chevron directly asking why they are using this explosive technology.  It seems a bit much for a first look.

 

I am just thinking about it right now and we have signed no agreements to anything.    Thanks.

well just be care full

The airborne operation you mention would not have been seismic data acquisition. It was more likely collecting other types of data, such as information about the earth's magnetic or gravity fields; possibly other types of 'passive' properties of the regional / local earth.
I am in franklin township. I have a lease. Started 3rd year of a 5 year lease. We too were contacted. Why not do it? It can only solidify the value of your property and possibly get you a well. Nothing ventured, nothing gained.

Not from your county but this question has come up before in other areas.  Listening to the advice of many professionals in several fields directly related to O&G, our group's members have been advised to say NO to those wanting to do the seismic studies on one's property.  The reasons center around $$$ ... for the owner ... those doing the study ... and the O&G companies paying dearly for the results of the study. Info gleaned from a seismic study is VERY valuable to the O&G companies, and they pay big!  

If your OGM's aren't top notch, what kind of an offer will you get? ... how soon will the companies be @ the door, if @ all?  Letting them bite into the steak before buying (leasing) it means your whole area may be bypassed, or sorely compensated.

Since you personally are already leased the company has the right to do seismic testing. That's the proper order of the process ... not the cart before the horse!

The money you receive will not be great, but the protections and reclamation clauses should be ample.  If explosives are used, check out the foundations of your buildings before they begin.  Pictures would be helpful ... better safe than sorry!. Is the area being tested measured on the contract by linear feet, acre, ... how?!  Surfaces involved should be reclaimed to their original condition.  If a crop, valuable pastureland, fencing, (whatever is disturbed) then they too should be reflected in your compensation package.  Much or this has been spelled out in Penn State's MCOR materials that cover all manner of Marcelllus/Utica actions.  Check with the nearest extension office.  If it's not on hand it can be ordered ... FREEd!

Hey Vicki,  I've heard some companies are paying $25 per acre for testing in your area of Greene Co.

Interesting, we got offered $5/acre.   Thanks.

Vicki

 

Common, you lose nothing if you say no, by saying yes you are helping the process, the gasco

can more compltely refine the depths and layers they want to drill and frac. 

But 100% your choice.

Actually, you can lose quite a bit if you say 'no'.

In addition to losing the income associated with the seismic permit, there is a good probability that drilling operations would either be delayed or, for that specific piece of property, deferred indefinitely thereby delaying or indefinitely deferring production-related income.

Had mine done just across the line, in Washington county. Did not get offered anything. Just that it would help later in determining info for my O&G lease.

Sorry, I did mean $5 per acre! not $5 per foot.

RSS

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

Badges  |  Report an Issue  |  Terms of Service