Going Rate for Water to drill a Well

[Todd-ty729]

Buddy of mine has property in Oklahoma with a fairly large pond/lake on it.

He has been approached by a drilling company to purchase and pump about 500,000 gallons of water out of it that will draw it down about 2'.

What is a gallon or barrel of water worth for these purposes?

He has the only large reservoir of water in the area for a while.

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[bphillips]

Not sure but if there is nothing close I'd find out what it costs for them to have it trucked in and ask just short of that

[poisonivie]

$.50 per bbl is a fair price for both. A little more fair for the water owner.

[IowaHunter]

$.50 per bbl is a fair price for both. A little more fair for the water owner.

That sounds pretty cheap. But I'm not a water guy.

[AddisonOil]

I'd want $10k for that amount of water. You do the math.

[txwhitetail]

Edited I thought it said 500k BBLs not 500k gals.

$10k would be a good number for that quanitity.

[texashunter56]

$.50 per bbl is a fair price for both. A little more fair for the water owner.

This was the going rate in the Eagle Ford for drilling and fracing wells.

[rut-ro]

Everytime they drain ours is 80k. They also put in three wells to fill it back up

[Shinesintx]

Everytime they drain ours is 80k. They also put in three wells to fill it back up

I'd love to own something like that.

[rut-ro]

When the oil is high and they are making good money, they also spend a lot. They built our 2 ponds which take about 10 surface acres and dug them 20-27 feet deep.