Reimbursement for General Surface Damages

T Valley · 2015-02-02T21:46:30Z

My family owns the surface rights and 1/4 mineral rights on a 53-acre property in Hopkins County. One of the oil companies has come in and built a well which is now operational. A few months ago, a representative from the oil company came and said they would reimburse the family for damages to the surface since the pad and road will take away from the annual hay crop. Currently, there is about 3-5 acres where the oil well is located, not to mention the gravel road that was built. Can someone give me an idea of what is a reasonable cost of reimbursement? Also, if they are using our groundwater, does that get included in the reimbursement? What are the general topics taken into consideration for negotiating this reimbursement? Thank you.

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