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Permalink Reply by Jack Straw on March 27, 2013 at 7:14am

The seismic data acquisition contractors are the “poor boys” of the O&G Industry; not altogether sure why that is the case, but I do know it to be the case.

$5/acre seems low, too low … but (as Mathew pointed out) that is the going rate, it barely covers the nuisance (if that).

Since the seismic data acquisition contractors do not earn much from the sale of raw data, they cannot pay much to the landowner.

 

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 allow 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.

 

There has been much past discussion on this exact subject.

Much pro and much con.

Rather than attempting to "reinvent the wheel", if you would like to learn more, 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.

 

ALL IMHO,

                     JS

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