questions.. .please

[cross_7]

i got a letter today from dawson geophyscal co with a contract to conduct a 3-d geophysical survey.
they say they will pay 10.00 an acre for the 30 acres.
there is actully 30 acres plus 160 in this place (two surveys)
not mention for 300 bucks i'd just as soon not have anybody on my property
does this sound right ?

 

[HerefordSire]

i got a letter today from dawson geophyscal co with a contract to conduct a 3-d geophysical survey.
they say they will pay 10.00 an acre for the 30 acres.
there is actully 30 acres plus 160 in this place (two surveys)
not mention for 300 bucks i'd just as soon not have anybody on my property
does this sound right ?

Here is their annual report. Find out their motive (oil gas) before you can evaluate the potential of what you have that they want.
http://www.dawson3d.com/articles/DWSN_2 ... Report.pdf

Regarding the Haynesville Shale....
http://www.fwbog.com/index.php?page=article&article=170

 

[cross_7]

i got a letter today from dawson geophyscal co with a contract to conduct a 3-d geophysical survey.
they say they will pay 10.00 an acre for the 30 acres.
there is actully 30 acres plus 160 in this place (two surveys)
not mention for 300 bucks i'd just as soon not have anybody on my property
does this sound right ?

Here is their annual report. Find out their motive (oil gas) before you can evaluate the potential of what you have that they want.
http://www.dawson3d.com/articles/DWSN_2 ... Report.pdf

Regarding the Haynesville Shale....
http://www.fwbog.com/index.php?page=article&article=170

oil i assume since there has been three wells drilled on my neighbors place

 

[backhoeboogie]

Some people refuse to let them survey until they have singed a lease agreement. The reasoning is if the survey reveals nothing substantial, you may not get a lease agreement and accompanying chum money (They call it bonus money).

Some people want it done because they receive substantially more chum money when they enter the lease agreement.

Hence, it is argued both ways.

You can go to http://gis2.rrc.state.tx.us/public/ and navigate to information on those wells near by. You can also find production rates if they have been going long enough.

Use extreme caution. Some of the land men are con artists who will flip your lease to a petro company, take huge sums of chum money and hold out a percentage of your royalty. It is legal stealing in my opinion. Get an attorney who knows what the heck he is doing (or use someone else in the know) before you sign anything. These land men are well polished. They'll wine you and dine you and stroke your ego - then they'll take you to the cleaners. It is not about your money. It is more about the royalties for your granchildren.

 

[HerefordSire]

Some people refuse to let them survey until they have singed a lease agreement. The reasoning is if the survey reveals nothing substantial, you may not get a lease agreement and accompanying chum money (They call it bonus money).

Some people want it done because they receive substantially more chum money when they enter the lease agreement.

Hence, it is argued both ways.

You can go to http://gis2.rrc.state.tx.us/public/ and navigate to information on those wells near by. You can also find production rates if they have been going long enough.

Use extreme caution. Some of the land men are con artists who will flip your lease to a petro company, take huge sums of chum money and hold out a percentage of your royalty. It is legal stealing in my opinion. Get an attorney who knows what the heck he is doing (or use someone else in the know) before you sign anything. These land men are well polished. They'll wine you and dine you and stroke your ego - then they'll take you to the cleaners. It is not about your money. It is more about the royalties for your granchildren.

Very good post!

 

[TexasBred]

i got a letter today from dawson geophyscal co with a contract to conduct a 3-d geophysical survey.
they say they will pay 10.00 an acre for the 30 acres.
there is actully 30 acres plus 160 in this place (two surveys)
not mention for 300 bucks i'd just as soon not have anybody on my property
does this sound right ?

Lock the gate and refer anyone who wants you to sign anything to your soon to be retained Oil and Gas Attorney.