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 James Young on January 27, 2012 at 5:15am

They were already all over my place in shippen Twp, in November with Kubota RTV's ribbons and tags... cutting paths through the brush etc etc ...

 

Permalink Reply by Lynn Wigglesworth on January 27, 2012 at 6:30am

Here, too (Delmar Township). There are paths, flags, and filled-in holes with numbered stakes in my woods. But it sounds like they aren't done yet; they called to tell me they were coming back.

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