
Today is The
North Hills Mineral Owners Coalition is still alive and well
and working for You.
UPDATE!
You can now
submit your MOI online
Your completed MOI will be emailed to
us for logging and filing.
Click Here to
submit your MOI
Update: March 6,
2010
Many of you are receiving
phone calls, emails and personal visits from leasing agents
trying to get you to sign a lease quickly for a low-ball bonus
rate.
Don't Sign That Gas Lease
Yet!
The NHMOC is Still On The Job
Working for YOUR best interest.
We'll be adding information to the blog
very soon. If you're not already on our mailing list, sign up
on the form on the right >>>>>>>>>>>>>
We'll email you whenever new information is
added.
Also, if you HAVE NOT already signed a
Memorandum of Intent
(either on paper or online), please do so.
The former North Hills Mall lot is among
several sites that have been targeted as potential drill sites
for Barnett Shale gas wells in the Northeast Tarrant County,
Texas area. There are a number of other potential well sites in
our area too.
NHMOC Hotline:
817-888-1834 For latest meeting info and
announcements
Over the past few months we have seen very little activity
in gas drilling due to the unstable economy and the fall in gas
prices. Lease negotiations and even lease signings were halted
abruptly in other neighborhoods. In addition, huge new natural
gas reserves have been discovered in Canada and the mid-west.
It looks unlikely that we will see a return to the previous
signing bonus levels, certainly not in the near future.
But there is some good news: we are starting to see a return
of activity in our area. We have been approached by some
companies who are interested in leasing part or all of our
coalition footprint. We are actively pursuing the best of these
offers and should have some details for you shortly.
Only by organizing, working together and negotiating as a
group can we secure the best possible signing bonus, royalty
rate and lease terms.
The North Hills Mineral Owners Coalition has merged with the
Liberty Park and Richland Hills mineral owners groups. The
resulting single larger coalition will increase our bargaining
power with the drilling companies.
We recently voted to expand our Area of
Interest from the three potential well
sites represented by these groups to incorporate all of the
area that was not covered by any other mineral owners group
within designated street boundaries.
The new boundaries (described below) encompass approximately
8000 acres, give or take a few. The more acreage we can get
together, the stronger our bargaining postition will be when it
comes time to negotiate.
The following video discusses the benefits of banding
together and negotiating as a group:
We are trying to get the word out to as many neighbors as we
possibly can.
We are asking you to help us -- and yourselves -- in the
following ways:
- Talk to your neighbors. Let
them know what is happening and that their participation is
important both to them and to the group. Remember that some
of your neighbors, especially some of the older residents,
do not have email or Internet. They need your help to stay
informed so they know how to respond when they are
contacted by a lease broker or an oil company
- Sign a Memorandum of
Intent (requires Adobe Reader, a
free download) and send it back to NHMOC at:
Andi Williams
4401 Keeter Dr
North Richland Hills, TX 76180
- Subscribe to the NHMOC
Newsletter to receive neighborhood updates and notices of
upcoming meetings. Simply fill in your name and email
address at the top of any page of this site
- Organize your street - you
can download an informational
flyer (requires Adobe
Reader, a free download), an
area map and
the Memorandum of
Intent from this web site to help you
talk to your neighbors
- Attend our meetings
and invite or bring your neighbors
Only in this way can we be prepared when the serious lease
negotiations begin -- which is starting to happen now. We will
be consulting with landmen, lawyers and accountants to put
together the most favorable bid package we can. All of this
professional input will be at no cost to you.
The approximate boundaries of our target area are:
North
Boundary
- Mid-Cities Boulevard from Rufe Snow Drive east to
Precinct Line Road
East
Boundary
- Precinct Line Road from Mid-Cities on the north to
Highway 10 on the south
South
Boundary
- Highway 10
from Precinct Line west to East Loop
820
- Highway 121
from East Loop 820 southwast to the Haltom City city
Limit
West
Boundary
- Along the Haltom City city limit from Highway 121 to
the intersection of Boulevard 26 and Highway 10
- Northeast along Boulevard 26 to Rufe Snow Drive
- Rufe Snow Drive from Boulevard 26 to Mid-Cities
Boulevard
View the map of the NHMOC Area of
Interest
On the Resources page are
some informational websites where you can learn more about
mineral rights, horizontal drilling and what's been happening
in other areas of North Texas. On the Contact Us page
you'll find contact information for the people who are leading
in this effort.
It takes ALL of us working together to ensure a FAIR gas
lease!
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