Seismic testing (again)

Shell reps has just come through to get permission for seismic testing. I'm not leased (total surprise to them...I guess landowners aren't the only ones kept in the dark!), so I said no. I said I would be interested in leasing, and they said Shell would get back to me soon.

Does anyone know Shell's current standard offer? The last I heard (late last year) it was $2000/acre, 15% royalty. And they have addendums for C&G rollbacks, no storage, and some other environmental ones. I want to be prepared when they call to get the best deal. I'd like to hold out for a higher royalty; I know that Shell has bought/taken over leases with royalties as high as 20%. As I've written before, I'm in a pretty good position where it would be difficult for Shell to totally ignore my property. I want a deal, but I want better than their standard offer: now is my chance. Any ideas?

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Replies to This Discussion

Permalink Reply by Lynn Wigglesworth on October 4, 2011 at 2:17pm
Bill; no, I'm not near there. I think Ely Road is in Charleston Township; I'm in Delmar Township, west of Wellsboro, toward the Canyon.
Permalink Reply by William Constantine on October 4, 2011 at 11:14am
Paleface; Well then Chatham town must have hired private contractors to fix the road. This was not any of Marties crew or trucks. Marty has always done a fabulous job on our road in the past. Always on the ball with the grading and rolling.
Permalink Reply by paleface on October 4, 2011 at 11:25am
Woods?
Permalink Reply by William Constantine on October 5, 2011 at 9:02am
Yes, Marty Wood
Permalink Reply by paleface on October 5, 2011 at 9:56am
 Marty made a road for me did a real good job and a fair price.
Permalink Reply by William Constantine on October 7, 2011 at 1:58am
He did work for me to. He cleared, leveled, and graded an area for my 30x40 garage. Fantastic job considering the location was on the side of an incline.
Permalink Reply by paleface on October 7, 2011 at 3:27am
 That creek rock he use's is the trick for soft or wet area's,my road has held up to the rain falls of the last ten years still hard no soft spots ?
Permalink Reply by paleface on January 21, 2012 at 1:15pm

Lynn did shell start the seismic testing in delmar?I just recieved a letter today from swepi that said they are starting surveying crews in Delmar,Shippen,Middlebury,and Chatham within the next several weeks in preparation for the seismic operations in the area?

Permalink Reply by Lynn Wigglesworth on January 21, 2012 at 1:39pm

They started it in my area of Delmar township last fall, then stopped after Thanksgiving. I got a call from them a couple of weeks ago that they were starting up again, but I haven't seen them yet.

Permalink Reply by paleface on January 21, 2012 at 2:00pm

Lynn is your seismic north wellsboro 3d or sabinsville 3d?

Permalink Reply by Lynn Wigglesworth on January 21, 2012 at 2:50pm

North Wellsboro

Permalink Reply by paleface on January 21, 2012 at 3:47pm

The letter about the seismic town hall meeting says the North Wellsboro 3D is in process-estimated completion second quarter 2012.

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