Seismographic studies in Greene Co., PA

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.

 

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Permalink Reply by owner on July 8, 2013 at 8:01am

The seismic study hopefuly will increase the valus of your land.  Hopefully it can speed up the developent of wells in your area.  I was paid $5 per foot for a study on my land.  Not much money but a well is now planned about 500 feet from my property line.  The study shouldn't cause much damage to your land, just the area that the explosive was set off.  There are videos on this site of the entire process.   I'd recommend you let them do it. 

Permalink Reply by Vicki Gill on July 8, 2013 at 8:15am

Thank you for your information on allowing this to be done.   I hadn't talked to anyone else in my area regarding it.   Thanks.

Permalink Reply by brian kulp on July 8, 2013 at 1:31pm

are you under lease with anyone if so do it if not just wait till you are. I wouldn't let them test unless I were leesed to them if there nothing good on the seismic then you will never get lessed just saying

 

Permalink Reply by tina may on July 8, 2013 at 4:18pm

Vicki, if you don't mind saying, which township in Greene County for the seismic study?  

Permalink Reply by David Perotto on July 9, 2013 at 12:26am
Greene County should be in a productive area, I wouldn't worry about it underperforming
Permalink Reply by Nancy LeNau on July 16, 2013 at 3:23pm

Owner, You did mean... $5.00 per Acre ?  Right ?

Permalink Reply by Tim Tarr on July 9, 2013 at 1:27am

I would tell them to have someone contact you from O&G (Chevron?) before agreeing to anything. See if they are interested in leasing you. Tell them after Seismic you want much better lease terms Bonus+Royalties. Almost all of the risk is removed (faults?) for the O&G company.

It may not even be for a specific O&G company but for seismic company to sell the data. 

Permalink Reply by rmc on July 9, 2013 at 1:59am
I've heard from 5 to 10 dollars an acre depending on you're amount of acreage and where it is located in there targeted area.
Rember if you have a small amount of acreage they can set there Geo phones and the charges on you're neighbors property and get the results from under you're property.
Permalink Reply by Vicki Gill on July 9, 2013 at 10:32am

Hi,   Thanks for your input.    I am in Wayne Twp. Greene Co.

Permalink Reply by Garry L Miller on July 11, 2013 at 5:03am

Be Carefull some people in beaver county did what you are thinkig of doing an when they agreed they were stuck in  a lease for 10 years .. again they come in drilled holes an only were paid 12 acre now all them leases are up an they dont want to pay much per acre i would want lease before they did study but thats just me ...good luck

Permalink Reply by Craig Cooper on July 16, 2013 at 3:50am
If, in fact, the agreement you mention was signed with a seismic acquisition company then it was not a 10 year lease. It would have been a permit allowing the company to conduct seismic acquisition operations on the land.

In general, the permit allows a company to conduct operations for a specific period of time (10 years is highly unusual; it is typically 1-5 years)for a fee (negotiable). Any damages (negotiable & mutually agreed upon)that occur during operations are corrected and paid for by the seismic acquisition company.

As I stated above, a 10 year term for a seismic permit is unusually long so I'm a little skeptical that the agreement you mention is really for seismic acquisition.
Permalink Reply by Nancy LeNau on July 16, 2013 at 3:28pm

Gary,  My farm is in Hookstown, PA. and I signed a contract with Seitel  for $5.00 per acre and a 18 month contract. 

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