In reference to spacing units, as described in case / order documents, what is the difference between ex: 4/1280 Stand Up and 6/1280 Lay Down.
I have a company wanting to build a water storage facility on my property. They will pay for a ten year lease on the pond but say if they have to drill water wells they won't pay for the water they pump into the pond. The water wells would be on my property also. Is this normal to not get paid for the water they pump?
Stand up spacings are North /South oriented, lay down are East /West oriented.
Mr. Wade, I think the water is probably worth more than the land, but you should be paid for both. I also believe that you should start your own thread for better response and so that people could find it easier in a search.
Russell Wade said:
I have a company wanting to build a water storage facility on my property. They will pay for a ten year lease on the pond but say if they have to drill water wells they won't pay for the water they pump into the pond. The water wells would be on my property also. Is this normal to not get paid for the water they pump?