Hello and terrific forum !!
We are 5 miles south of Pearsall in Frio County (Melon Texas).
Seitel Data has recently approached our family to do a 3D seismic survey. Seitel Data's 3D surveys are being underwritten by Marathon Oil.
Seitel Data just opened an office two blocks from the Pearsall courthouse at the end of July 2011.
Seitel Data has a multi-million dollar contract to do roughly 93 square miles of 3D mapping in Frio County.
The 3D seismic surveys will begin March 2012.
We were offered $15.00 per acre for the 3D survey. We also had to agree to disclose if anyone else was doing a 3D survey or any mineral leases were being initiated which appears to be standard.
We also have family in LaSalle County (Cotulla) and they were offered $5,000.00 per acre (not sure of the % royalty) unfortunately, litigation is mudding the waters to proceed with an oil lease. I am not sure who made the offer but the offer was legit.
Great website and thanks in advance to all who participate.