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 Mike on July 26, 2013 at 2:05pm
If you sign,
1. Make sure you ask for a report showing every charge was discharged, as a record, if you ever sell the property you don't wants any unknowns. PLUS
2. For the shots that are done on your property, the data should be shared with you.
I.e. What did the data show? The clause is called a data viewing clause.
If you are talking about significant acres, you will want to have a geologist / consultant at the data viewing (up to 2 hours on-line viewing of the data). You and I can't read it.

You can then be on a level playing field in any future discussions with O&G leasing companies. In theory you will know the layers, thicknesses, and depths of your minerals. Until you sign and "sell" for 15 -20 %, the minerals are ALL 100% yours.

That's the approach I took when I signed for seismic.
It's all mine, and nobody gets a leg up on what's mine.

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