Wisconsin Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease

State:
Multi-State
Control #:
US-OG-237
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Grantor has agreed to allow Grantee to conduct a 3-D Seismic Survey on the Lease on the Lands and other lands bordering the Lease. This form contains the terms and conditions, which are agreed to by Grantor and Grantee.
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  • Preview Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease
  • Preview Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease
  • Preview Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease
  • Preview Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease

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FAQ

Seismic testing involves blasting the seafloor with high-powered airguns (a kind of powerful horn) every 10 seconds and measuring the echoes with long tubes to map offshore oil and gas reserves. These blasts disturb, injure and kill marine wildlife around the clock for years on end.

Seismic surveys are conducted by deploying an array of energy sources and an array of sensors or receivers in an area of interest. Figure 3.9 shows a seismic survey on land.

Seismic methods involve measuring the propagation of seismic waves through earth materials. In seismic surveys, seismic waves radiate outward from a sound source at the surface, which can be an explosive charge or a mechanical impact.

Seismic Option or "Option" means an agreement which entitles a Party to conduct 3-D Seismic Operations on a portion of the Contract Lands with an option to acquire a Lease covering all or a portion of such lands.

Researchers stick rows of geophones in the ground then create a seismic wave. They then use specialized software to create images from the recorded data to identify different types of rock layers, faults, and other geologic structures. Multiple geophones are deployed during each seismic study.

Generally speaking, there are three phases of a seismic project: Acquisition. Processing. Interpretation.

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Wisconsin Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease