As someone experienced in the disposal business, here are my thoughts: Typically, a major operator such as Noble will want to own the land outright. Reason being is simply more profit on their end. Surface owners can stand to make a lot of money if they keep surface rights and agree to terms for a disposal lease on their property. However, that is more likely to happen for larger land owners, i.e. someone with a lot more acreage and wells will ultimately have more clout with a big operator. I’ve seen many landowners request a lease as opposed to selling and the SWD operator will simply move down the road and find someone who will sell, but it sure doesn’t hurt to ask. If you were to sell or lease your land, yes, there are risks... Even though with today’s technology the risks are minimal, they are still there. I've been on locations where SWD’s were hit by lightning and the cleanup looks like a bomb went off. With that being said, I still have yet to witness one that has contaminated the land owner’s water wells or water table. I would suggest proposing the possibility of retaining your surface and saying they can build a disposal on your property if you can get a royalty. Disposal royalties can come in different forms, some operators will simply pay a landowner a few cents per barrel of water disposed. Most lease terms I’ve seen have the operator paying the landowner a % of revenue coming from both saltwater disposal AND skim oil, which is where the real money is. Skim oil is the oil removed from the saltwater on location before it's disposed downhole. The operator can then sell that oil to market at the same price normal non-skimmed oil is sold at. The average skim ratio on Permian disposal wells can range anywhere from 1-3% maybe 5% if the SWD is taking a lot of flowback. Flowback is when newly drilled wells are ‘flowing back’ their frac fluids and will typically hold a lot more oil than produced water, which is the water a well will produce once it is in a steady production cycle. Here’s an example: If an SWD disposes 300,000 barrels of saltwater a month and the skim ratio was 2%, which are both realistic numbers in the Permian, that would equate to 6,000 barrels of skim oil per month. I’ve seen disposal royalties range anywhere from 3% to 10% on skim oil and water, although I would think the lower end would be much more realistic in today’s market. Let’s say you had a 3% royalty on their 6K barrels of skim oil sold at $45 per barrel… You would see roughly $8,100.00 per month on gross royalty income. Also keep in mind the skim numbers will go down once new drilling in the area is done and would therefore reduce your royalty revenue as well. If you were to sell your surface, you should request Noble compensate you for any flow lines running across your remaining property, which is highly likely since this SWD would be servicing their surrounding wells. The SWD business is still in rebound-mode in a lot of places, but if there is anywhere it’s going to be profitable in today’s market, it’s in the Delaware Basin. Best of luck to you.