3-Dgeophysica l survey aka Seismic Survey

Just recently we recieved a letter asking us for permission to do the above on our farm from ION Geophysical and the contractors name is mcdonald land services. Our lease is with Range at present. They were offering us 5 bucks an acre to do such a study. I did speak with them and it appeared very legit. Would others view as same? or at least a positive? Chevron is about 2 miles away and doing 2 horizontals. I appreciate any thoughts. Scott

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Permalink Reply by Jack Straw on March 21, 2013 at 6:19am

There has been much past discussion on this exact subject.

Much pro and much con.

Rather than attempting to "reinvent the wheel", I would suggest that you go to the top left corner of the screen to the search window and type in appropriate key words .... in that manner you can benefit from the volumes of past discussions.

 

I will offer my strongly held personal opinion (in a nutshell):

If you are interested in being part of a production unit, I would suggest that you go allow with the seismic acquisition.

The availability of seismic data will increase the confidence/comfort level of a prospective driller.

The availability of seismic data will increase the likelihood that a driller can/will locate a well in the optimal location.

The availability of seismic data will potentially increase the interest in drilling ... sooner, rather than later.

$5/acre seems a paltry sum (and it is), but that seems to be all that is on offer (and they usually stick to it).

I consider that you have much more to gain than lose in allowing them to proceed; $5/acre is peanuts ... but those are peanuts that could feed the elephant.

 

ALL IMHO,

                     JS

 

 

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