When a company drills on your land and you agree to sell water, what compensation is currently being charged? This would be in the Ward, Winkler, Pecos County area.
Laura: I think it depends on your area. I have read that .30/metered bbl. Is a going price for some areas. Again, if your located in an area where water is in short supply, the rates could be a bit higher.
In part of Okla. they are paying 60 cent a b.
Recently in western Oklahoma water contract was signed for $100 per day.