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Every Thing Else Board
Drilling gas wells
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<blockquote data-quote="J&amp;amp;T Farm" data-source="post: 420549" data-attributes="member: 2314"><p>ok I did some research and found some info on the forum. Now I have some questions. Around here they [Seeco] are paying $2 a foot for pipeline, they pay on average $8,000 - $10,000 for a pad site, and $5 per acre for 3D testing. The leases started out at $25 and acre 3 years ago to $700 on acre now with a larger royality. They are paying 10 cents a barrel (42 gallons) for water from the ponds. Or they will build a pond for you but they get to use water free for 10 years. No one around here knew anything about the gas drilling so we don't know what is fair and not fair. Our if they are taking advantage of us. What should we ask for? </p><p> Brute23, You are right we need to learn more, but its hard to around here because even the lawyers have no idea. So I have tried to learn as much as I can from people that have had wells and delt with these things before.</p></blockquote><p></p>
[QUOTE="J&T Farm, post: 420549, member: 2314"] ok I did some research and found some info on the forum. Now I have some questions. Around here they [Seeco] are paying $2 a foot for pipeline, they pay on average $8,000 - $10,000 for a pad site, and $5 per acre for 3D testing. The leases started out at $25 and acre 3 years ago to $700 on acre now with a larger royality. They are paying 10 cents a barrel (42 gallons) for water from the ponds. Or they will build a pond for you but they get to use water free for 10 years. No one around here knew anything about the gas drilling so we don't know what is fair and not fair. Our if they are taking advantage of us. What should we ask for? Brute23, You are right we need to learn more, but its hard to around here because even the lawyers have no idea. So I have tried to learn as much as I can from people that have had wells and delt with these things before. [/QUOTE]
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