My property is right off FM 140 and CR 341. I was contacted by letter and asked for permission to do a seismographic survey on my property.
What is the going rate per acre for fair compensation?
How long should this survey take to:
What else should I ask for in this agreement?
Also, are there other companies that might contact me to do the survey or is this company the only one assigned by the oil company? I don’t want to say yes only to be offered more by another company.
I received the same letter. I was told that the survey would not start until the Spring of 2013. They are offering me $15 per acre. I got them to include my entire land tract for compensation instead of their proposed portion of my land even though they will not be on the entire tract. I am interested to see if anyone has been able to get say $20 or $25 per acre? I am still in negotiations with them right now. They are going to clear lines on your land to send a “thump” truck through there. They will not be cutting any fences or anything like that.
We are in south Atascosa and are getting paid $20 per acre by Shaw Land Services–they have been hired by EOG to perform the work.
If you are leased to EOG it may state the amount in your lease.
Our lease with EOG had a price of $15 per acre, however, a few days after signing the EOG lease I received a letter from Shaw Land Services who had been hired by EOG to survey our land. The letter stated they would pay us $20 per acre. I signed the lease and have received payment of $20 per acre.
We agreed to a similar survey on our property in 2010 (2 miles South of Jourdanton) and successfully negotiated $29 per acre with the help of legal counsel…almost double their initial offer.