We have received letters for property in Southern Freestone County Tx to conduct 3D Seismic surveys. They are offering $20 an acre. That seems to be on the low end to me. Is that reasonable or should I ask for more? Should I counter with my own terms as well as a damage schedule?
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Depending upon where you are, that could be very low or very high. Are you a mineral owner or surface owner? Mineral owners may not get any compensation. Surface owners will depend upon surface conditions and the type of shoot. We received no money, but asked for a road around our pond they were going to shoot over since they had to whack through the brush to lay the geophones. Ended up with a nice little road. Sagebrush in the middle of nowhere might be a different story.