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re: Mississippi, Louisiana border verging on an oil boom
Posted on 4/22/14 at 8:09 am to MillerMan
Posted on 4/22/14 at 8:09 am to MillerMan
quote:
cost of wells are high around 15 million
So if a well goes on your land, I would think there would be a good turn out. That is a lot of money to be just guessing.
not only mineral rights but I hear water has to be brought in. If it can be piped in from a neighboring water source (not river, EPA) money can be made. I was told they will reach out a good ways to get their water. Is this true on how water is brought in?
2
Posted on 4/22/14 at 8:16 am to Crawdaddy
They will likely need tens of thousands of barrels of water per well between drilling and completions (including fracking). If you own a water well and/or station within reasonable distance, there's money to be made.
Depending on costs and how much pressure they can get from a well source, they will either truck the water in or lay water lines up to the frack tank.
Out in New Mexico, middle of Permian Basin, that's how people are making money. The State and BLM own about 70-80 percent of the minerals and the surface out in the two hot counties. However, if you own water rights and a couple good water wells, you can make a killing that way.
Depending on costs and how much pressure they can get from a well source, they will either truck the water in or lay water lines up to the frack tank.
Out in New Mexico, middle of Permian Basin, that's how people are making money. The State and BLM own about 70-80 percent of the minerals and the surface out in the two hot counties. However, if you own water rights and a couple good water wells, you can make a killing that way.
Posted on 4/22/14 at 8:20 am to Crawdaddy
Well cost have been around 15m but they are getting that down at a steady rate. "Core" areas are said to have around 3000+/- barrels per acre.
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
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