The GasFields Commission's Compensation Estimator will provide you with an estimate of compensation entitlements for petroleum and gas development on your property. The Compensation Estimator should not be used for exploration/appraisal wells or major pipeline easements.
Any information provided by the Compensation Estimator is an estimate only, based on the figures you enter, and should not be relied upon.
Compensation in relation to petroleum and gas development varies greatly, alters over time, and is based on a number of factors (not all of which may be taken into account here).
Every property, business, family and development is different in some way. The estimator cannot take all those factors into account and therefore should not be considered to be a substitute for a commercial negotiation.
You should seek professional advice in relation to fair market value, the existence or amount of any compensation entitlements and not rely on information provided by the Compensation Estimator.
The Compensation Estimator is consistent with common valuation methods undertaken to calculate compensation entitlements.
A lifestyle block is defined as a property with minimal agricultural business but can include hobby farming.
Agribusiness is defined as a property used for agricultural business activities including livestock breeding and fattening, dryland cropping and irrigated cropping.
Area of cropping land under gas tenure (ha)
Area of grazing land under gas tenure (ha)
The sum of the figures above should equal the total area of your property under gas tenure.Your total property area cannot be ‘0’.
Market land value - the market value of your land excluding structures.
Market value of cropping land ($/ha)
Market value of grazing land ($/ha)
The total value of your land cannot be ‘0’.
Other permanent structures include other permanent structures that are in use for business purposes.
Value of residential structures ($)
Value of other permanent structures ($)
The results of this calculation have been sent to your email address.
Based on the information you have provided, we estimate the improved market value of your property to be:
The resource company may provide you with the details of their planned infrastructure.
Number of wells
Based on your inputs the development intensity factor has been calculated as:
X : Y
(hectares : well)This intensity factor determines an allowance for diminution of the value of the balanced land.
Based on you inputs the diminution rate has been calculated as:
X%
Based on all the information collected to this point, the Compensation Estimator produces an estimate of any loss in the value of the balance land. This is a valuation method called the diminution of value of the balance land.
The resource company may provide you with the details of their planned infrastructure.
The resource company may not know the area required for high point vents and low point drains before development.If unknown enter zero. This can be considered later.
This is land that can no longer be used for the same purpose and/or under the same operating method as it was before petroleum and gas development because it has been isolated either fully or partially by the new infrastructure.
Intensive infrastructure could include structures such as compressor stations or permanent laydown areas.
Other proposed infrastructure could include structures such as temporary laydown yards, gravel pits, workers camps or telecommunication towers.
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Area required on cropping lands (ha)
Area required on grazing lands (ha)
Incorrect total project area.
Consider the factors that may impact on cultivation such as loss of production due to traffic and dust, the rehabilitation of land, levelling and contouring.
Rehabilitation of the cropping area once construction of resource infrastructure has finished may include activities such as leveling and contouring.
Resource companies will often take steps to avoid these sorts of losses during construction in which case some of the below may not be applicable.
Cropping losses
Loss of production/yield
Weed control
Land rehabilitation
Other costs
Total cropping losses
$...
Consider loss of carrying capacity, productivity/weight loss and agistment if required.
Resource companies will often take steps to avoid these sorts of losses during construction in which case some of the below may not be applicable.
Grazing losses
Loss of production/weight
Mustering cost
Trucking costs
Agistment costs
Other costs
Total grazing losses
$...
The results of this calculation have been sent to your email address.
The payment structure for these compensation estimates can be determined during negotiations.
Based on the details you have entered your compensation is estimated to be:
Click on the following for more information
Payment structures can vary and may be calculated as a lump sum or regular instalments.
A Lifestyle Block is defined as a property with minimal agricultural business activities, but can include hobby farming.
market land value - the market value of your land excluding structures.
Property area (ha)
Market land value ($)
Value of residential structures ($)
Value of other structures ($)
Based on the information you have provided, we estimate the improved market value of your property to be:
The resource company may provide you with the details of their planned infrastructure.
Number of wells
Based on your inputs the development intensity factor has been calculated as:
X : Y
(hectares : well)This intensity factor determines an allowance for diminution of the value of the balanced land.
Based on you inputs the diminution rate has been calculated as:
X%
Based on all the information collected to this point, the Compensation Estimator produces an estimate of any loss in the value of the balance land. This is a valuation method called the diminution of value of the balance land.
The resource company may provide you with the details of their planned infrastructure.
The resource company may not know the area required for high point vents and low point drains before development.If unknown enter zero. This can be considered later.
Severed land - this is land that can no longer be used for the same purpose as it was before petroleum and gas development because it has been isolated either fully or partially by new infrastructure.
Intensive infrastructure may include structures such as compressor stations or permanent laydown areas.
Other proposed infrastructure may include structures such as temporary laydown yards, workers camps or telecommunication towers.
Well pads
Access roads
Gathering lines
High point vents/low point drains
Intensive infrastructure
Dams
Severed land
Other
Incorrect total project area.
The results of this calculation have been sent to your email address.
The payment structure for these compensation estimates can be determined during negotiations.
Based on the details you have entered your compensation is estimated to be:
Click on the following for more information
Payment structures can vary and may be calculated as a lump sum or regular instalments.
This Compensation Estimator is best suited for properties that have not had gas development before and is not applicable to all circumstances. Please read the instructions carefully when using the estimator.
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