This form is used when Grantors own the mineral interest in and control the executive rights to the mineral estate in and under the Lands and the Grantee desires to enter into this Agreement to enable it, in accordance with the terms and conditions of this Agreement, to identify, delineate, generate, configure, and lease oil and gas prospects on the Lands.
Wyoming Seismic Exploration and Option to Lease Agreement - Long Form
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US-OG-238
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FAQ
The reflected and refracted seismic waves are recorded by a receiver (geophone or hydrophones in water) and give the first image of the subsurface. This technique allows for interpretation of what is underneath the ground or seabed (oil, gas, water, faults, folds etc) without having to actually drill.
Seismic exploration of the Earth has a long history, dating back almost 200 years. Working by generating propagating waves of alternating pressure that cause localized regions of compression and rarefaction, the seismic method is dependent upon the elastic properties of the host medium.
Seismic surveys use reflected sound waves to produce a ?CAT scan? of the Earth's subsurface. Seismic surveys can help locate ground water, are used to investigate locations for landfills, and characterize how an area will shake during an earthquake, but they are primarily used for oil and gas exploration.
Such surveying involves four discrete stages: survey design and planning, data acquisition, data processing, and data interpretation. The success or failure of a seismic survey often is not determined until the final interpretation stage.
Seismic methods provide high-resolution images of the geologic structures hosting mineral deposits and, in a few cases, can be used for the direct detection of mineral deposits at depths greater than 1 km.
Seismic survey is a method used during the exploration phase of oil and gas development. The method gives a first idea of what is present underneath the earth's surface.