I have some land in Reeves County, Texas and received a notice they want to do a survey on the land. Does that mean they think there is oil or gas there? I think it may have surface mineral rights but I am not sure on that and will have to look into it. If they wanted to put a well on that land what could I get out of it if anything?
This could be a profitable deal for you, depending on how much land you own. I think fifteen to twenty-five dollars per acre is the last figure I heard for seismic surveys, but see what they are offering and then counter. You need to determine if you own minerals and if you do, I would strongly advise you to sign nothing without consulting a good oil and gas attorney. Read through all the posts here to see what activity is going on in Reeves County. It is a very, very hot area right now. And good luck!