Feb 20

City of Hurst Schedules Town Hall Forum

The city of Hurst has scheduled a Town Hall Forum meeting Thursday, February 23, 2012 at 6:00pm. It is open to the public, and people will be able to question the city council at the end of the meeting. The notice below was posted in their Monthly magazine, “Where we Live”.

Town Hall Forum , 6:00 pm , Thursday February 23rd, Hurst Convention Center.

This Town Hall Forum is a free event is open to the public and features presentations on current and future projects throughout the city. Utility companies will also be on hand to meet with citizens.
Light refreshments will be served and parking is complimentary. We hope to see you Thursday, Feb. 23!

At this session, you will be able to ask the City Council questions on the gas drilling permit process in Hurst, and how can we get the city to help us exercise our mineral rights.

Dec 02

Say Yes To Seismic, No To A Lease

We have been in contact with Chesapeake land management and have talked about negotiating a lease document to use for our members. Chesapeake is reluctant to make a commitment to the coalition at this time, but is working diligently behind the scenes to attempt to lease our members using land companies like Crew Land Research, offering much less than our target of $5250 per acre for three years and 25% royalty free of expenses.

Meanwhile, Chesapeake has commissioned Dawson Geophysical to conduct seismic surveys in over 50 square miles including our footprint. Dawson’s permit arm, Gateway Permit Services is sending out letters to all of the property owners who are not already under lease. If a property is under lease, they don’t need additional permission to conduct the seismic survey.

The seismic survey is actually a good thing. They run a cable along the curb in front of your property. Using meters they can detect the shale formation below the ground to determine the most efficient well paths. This has no effect on your property, but is an important step toward developing the minerals in our area.

The scope of this project, including all of North Richland Hills, Hurst, Watauga, Colleyville, and Haltham City indicates Chesapeake is making a large financial investment in this area. With the gathering pipelines now working, and several surface leases in place for new well pads, Chesapeake intends to develop this entire area. We encourage you to grant permission for the seismic survey when they contact you.

The map of NRH (Click here to view the PDF map. It will open in a new window.) shows: 1) the property already under lease; and 2) properties whose owners have approved the seismic survey. As you can see, our membership is basically surrounded by Chesapeake leased property. They plan to have the seismic survey complete by the end of February. Once they have that information, we expect them to increase their leasing activity, not stopping until they have all of us under lease.

The NHMOC will continue to work for the best offer for our members, so don’t sell yourself short by signing for a smaller bonus and without protection from the expenses of compressing and transporting the gas to market.

Last night I attended a meeting at Glory Church in Hurst attended by representatives of Chesapeake and the neighbors near the Diffenworth pad site at HWY 10 and Billy Creek. Chesapeake is asking for neighborhood support in convincing the city of Hurst to relax some of their new well site regulations such as 24/7 air monitoring.

During the Q&A session afterward, I asked about the productivity of   the wells in this area now that they are actually collecting gas. The Chesapeake representative said that the well at TCC in Hurst was producing above average for gas production compared to the rest of Tarrant County.

Taken together, all of this activity leads us to believe that Chesapeake is moving forward in their plan to develop our area of Tarrant County. According to the City of NRH, Chesapeake’s spurned efforts in Southlake have motivated them to increase their development of our area. Stay tuned; we should have more information once the seismic survey is complete at the end of February.

Oct 05

NHMOC Update for October 5, 2011

The gas collection pipelines we talked about in June are now complete and Chesapeake is collecting gas from 5 of the 6 well pad sites in our area. Four of these pad sites are within our footprint. This has been confirmed by the City of North Richland Hills. Chesapeake has surface leases for pad sites at the Rick Works site just north of 820 and west of Rufe Snow, and at the Richland Hills Church of Christ. According to John Pitsick, Director of Planning and Development for the City of NRH, Chesapeake is working on some final issues such as frac pond requirements, and will soon be applying for permits. The updated footprint map shows the existing and planned well sites, and how they cover our entire footprint.

We have contacted Julie Wilson, Vice President of Urban Development for Chesapeake, and she has asked me to work with her two supervisors for this area, Lauren Matlock and Travis Rall. I have contacted both and will continue to work with them on developing a leasing plan for our members. As Chesapeake stated in recent newspaper articles, they won’t lease property until they have the well sites to produce the minerals from the property. In our footprint, they have the 4 producing wells mentioned above and surface leases for three more. We are willing to lease the coalition to them in quarters so they can offer leases to our members in areas where they have existing wells and move forward that way.

Chesapeake paid NETGLO, a neighborhood association like ours, $5,250 an acre last year. According to the City of NRH, they feel $6,000 per acre is not out of the question, and received that amount for the lease of city property not long ago. The land brokerage companies have been coming out of the woodwork in the past month, offering $2,500 to $3,000 per acre. They plan to buy your mineral rights, resell them to Chesapeake at a higher price and pocket the difference.

Regardless of what representatives of Caffey Group, Dale Properties, or Crew Land Research tell you, there isn’t any deadline and you are not about to miss out if you don’t lease to them right away. Chesapeake is the gas drilling and collection company in our area; they have a substantial investment in pad sites, mineral leases, and collection pipelines and will continue to develop the minerals here. This is why we are working directly with Chesapeake.

One more important item to consider: In a recent Fort Worth Star-Telegram article, Chesapeake announced they would start charging back to the mineral owners a percentage of the cost for compressing the gas and moving it to market. This could reduce your royalty by as much as 25% according to the Star-Telegram. The standard 3 page lease the landmen want you to sign doesn’t protect you from that. Our 16 page lease, developed by our attorney and accepted by Chesapeake in the past for groups like the NHMOC, affords you protection from any expense being charged back to you, among other benefits.

Things are heating up, Chesapeake is collecting gas, and the landmen have come out of their holes. Don’t be pressured into signing because they tell you time is running out. The party is just beginning!

Jun 15

NHMOC Updates On Leasing And Drilling

The NHMOC would like to update you on the following issues:

  • Gas collection pipelines
  • Expected leasing within our footprint
  • Seismic surveys
  • Gas well permits in Hurst

Gas Collection Pipelines

Since our last update, several new developments have helped shed some light on the Gas Leasing and Drilling in our area. According to the city of NRH, of the 59 permitted gas wells in NRH, only one has produced any gas. Chesapeake didn’t have the pipeline connections to take the gas to market, but drilled the wells to maintain the leases on the large commercial tracts such as TCC , Walker Creek Park, the Birdville School District properties, the Kroger/Health Markets shopping center and Fort Worth Christian School. New pipelines to those areas are almost complete and will allow Chesapeake to finally gather and market gas from the existing wells.

The map of NRH Proposed & Existing Gas Well Sites and Gathering Lines provided by the city* shows the pipelines that will connect the TCC wells, the Engler Pad Site, the Proposed Iron Horse Pad Site that Chesapeake calls the “Rick’s“ site, and the Birdville Pad sites to the main gas gathering pipeline that flows through the old North Hills Mall. This map also shows the proposed Kest site, which is the former North Hills Mall property.

Expected leasing within our footprint

The City of NRH says they expect 21 or more wells at each well pad. At this time the TCC site at Harwood only has 3 permitted wells, the Birdville site has 13, and the Engler site has 13. In order to drill the rest, Chesapeake will have to lease more property.

According to John Pitstick, Director of Planning and Development for the City of North Richland Hills, Chesapeake has 6 existing pad sites within the city, and plans three more. Chesapeake met with the city of NRH two weeks ago regarding a permit for the “Rick’s Site” and will pursue a special use permit for that well pad. Chesapeake already has a Railroad Commission permit for the Rick’s site and a surface lease for a well at the Richland Hills Church of Christ on Loop 820, just west of Rufe Snow. In addition, they have been negotiating with the Kest Group for a possible well at the former North Hills Mall site. Click Here to view the map of our footprint.*

The NHMOC has had several conversations with the Chesapeake Land Management people, both locally, and in Oklahoma City. They don’t have a problem paying $5250 per acre for a three year lease, with 25% royalty and your property measured to the center of the street. They just don’t want to lease large areas of property until they are closer to drilling. The completion of the gas gathering pipelines, and their pursuing the additional well sites at Rick’s, the Richland Hills Church of Christ, and the North Hills Mall indicate they are moving aggressively to achieve that objective.

We can’t pinpoint a possible signing schedule at this time; however, things are moving in the right direction. We have offered to lease our footprint out in quarters to benefit the folks who are within reach of the existing well pads. Chesapeake knows the size of our membership and understands that the NHMOC would be a great ally in their production of gas from this area of Tarrant County.

Please remember that, Chesapeake is the major gas company developing natural gas production in our area, and companies such as the Caffey Group and Dale Resources are trying to lease mineral rights for less than the market value, and resell them to Chesapeake. If you accept their deals you are leaving money on the table, both at lease signing and into the future.

Seismic surveys

We have been getting calls from our members in Home Town regarding Dawson Geo-Physical’s request for Seismic Surveying in their neighborhood. We talked about the Seismic Surveys in our updates last fall in the area of South NHR, Hurst, and Richland Hills. Seismic surveys are a good thing, as it provides Chesapeake with the information needed to plan the optimum well paths to maximize gas collection.

The city of NRH website addresses the Seismic Surveys and the following link, seismic surveying in North Richland Hills will explain the process and that you have nothing to fear from these tests.

Gas well permits in Hurst

Our neighbors in South Hurst make up the southeastern part of our footprint. Chesapeake has two surface leases for well pads on Highway 10 at Billy Creek, and at Arthur. Chesapeake applied for drilling permits last March for those sites, and the City Council denied them. They cited traffic concerns on Hwy 10 as a factor, and basically told the citizens that City Council knew what was best for them. As a result they are keeping the citizens of Hurst from realizing the economic returns of royalties from their mineral rights.

If you are a Hurst resident, you are strongly urged to attend the next city council meeting, sign up to address the council, and tell them you want to exercise your royalty rights. Many of your neighbors have signed leases good until 2012, which they won’t realize royalties on, unless the city changes their position.

Talk to your neighbors and encourage them to attend the city council meetings and voice their opinions. The next City Council meeting is June 28th, and any questions can be addressed to the Director of Community Development and Planning – (817) 788-7095.

In summary, the gas leasing, and drilling in our area of Tarrant County is moving forward, but in a more organized format than three years ago. Chesapeake is committed to developing this area, but following a business plan that will enable the project to be successful. Talk to your neighbors, and help grow the coalition. They can join us on our website, www.NHMOC.com and help insure we all receive a fair deal for our mineral rights.

Still here and still working for you.

Mar 31

Spring Brings Lots Of New Drilling Activity

To All:

The NHMOC is alive and well, and working in your best interest.

I have been receiving calls daily from both members and people who have seen our signs but have not joined us yet. They are getting cards from lessees such as the Caffey Group and Snow Operating, offering to lease their mineral rights for what is a relatively low signing bonus and low royalty percentage. You need to understand, Caffey and Snow are most likely just trying to make a profit by reselling your mineral rights to a Chesapeake-type driller.

There are only a couple of gas companies drilling for gas in this area of Tarrant County. The NHMOC is the only volunteer, not-for-profit organization working to protect the interest of our neighborhoods from Mid-Cities Blvd south to Hwy 10/121, and from Rufe Snow east to Precinct Line Road.

It’s important to understand that gas drilling and production of gas is just in its infancy for our area. The city of North Richland Hills has six existing well site pads, with 56 currently permitted wells. New permit requests for additional wells come in weekly according to John Pitstick of the city’s Planning and Development department. Of these six pad sites, the Graham site is the only one that has any wells producing gas. The rest are awaiting pipeline connection, have been drilled but not fraced, or are permitted but have not been drilled yet.

The pipelines are being installed at The TCC site at Harwood and Blvd 26 and will be completed by May according to the city. The Engler well site is also being connected to pipelines and is scheduled to be completed in May. The City expects all the existing pad sites to have pipeline connections by July. When they start collecting gas, the revenue stream begins, and the momentum for additional leasing and drilling will increase.

The attorney helping us, Mark Nastri, also negotiated the NETglo deal with Chesapeake, and I have been in conference calls and individual conversations with Chesapeake Land Management during the past several weeks. We have introduced them to NHMOC, provided maps, and other potential well sites. Chesapeake has identified two additional well sites to the city but has not requested a permit yet. Both of the pad sites are just west of Rufe Snow, and will reach the western parts of our footprint. In addition, Chesapeake and the owners of the North Hills Mall property have met recently to discuss opportunities.

Don’t jump to conclusions when representatives of the Caffey group try to convince you that time is running out. Consider their offer of $3000 per acre for a five year lease and 20% royalty vs. the offer Chesapeake has negotiated with other Coalitions like ours in the area. That offer stands at $5250 per acre for three years, and an additional $2500 to extend the primary term of the lease to five years, 25% royalty, with your property measured to the center of the street. Compared to the Caffey offer, Chesapeake’s offer is almost double the signing bonus, 35% greater royalty payments for the life of the well, and comes with a very favorable lease form.

We urge you to talk to your neighbors and if they don’t have a computer, print this off and share it with them. Remember there is strength in numbers, and a lot of the phone calls I get are from non-members, who haven’t taken the step to join us yet. This is shaping up to be an interesting summer for mineral rights owners in our area, and continued increases in the price of natural gas should provide more incentive to the gas companies to increase their leasing and drilling activities going forward. I am always available to answer your questions and discuss your concerns.

Paul Lee
North Hills Mineral Owners Coalition.

Jan 19

As Barnett Shale Drilling Heats Up, Sneaky Tactics Continue

The NHMOC steering committee expresses its wishes for a bright and prosperous 2011 to all of its members. This year promises to bring a renewed interest in developing the natural gas potential within our boundaries and we are currently working on a plan that will prepare us to negotiate with Chesapeake and any other companies that might approach us with a proposal for drilling gas wells in our area.

Recently, some of our members have reported receiving notices from The Caffey Group of an offer to enter into a 5-year lease agreement for a $3000 signing bonus and 20% net royalties. We understand that landmen working in South Hurst are again telling residents in that areas that NHMOC is not talking with Chesapeake and encouraging them to sign a lease before it’s too late. Also, Snow Operating has sent postcards to residents in the Holiday Heights area offering “$500 and up” for a lease of unspecified term and unspecified royalty. Others report being notified of seismic testing to be conducted in their neighborhoods.
These are normal tactics used to try and coerce people into signing an agreement for a lower than usual signing bonus and royalty percentage with less than favorable lease terms. They normally do this with the intent of making a profit by reselling the leases to Chesapeake. We have heard from some of our South Hurst members, however, that Dale Resources recently upped their offer to $5250 and 25% royalties with lots measured to the center of the street but without all of the protections built into the lease agreement drafted by our attorney, Mark Nastri.

Some of you may be feeling anxious and considering leasing your minerals individually rather than waiting to find out what kind of deal the coalition recommends. Although we cannot prevent you from entering into such an agreement nor can we offer any assurance that everyone within our footprint will eventually be offered a lease, we do encourage you to wait. The drilling companies cannot drill beneath your property without your permission and they can’t extract your minerals without compensating you for them.

As we made you aware previously, other coalitions in our general vicinity have successfully negotiated deals with Chesapeake which included a signing bonus of $5250, 25% no fee royalties and a lease with terms favorable to the mineral owners rather than the drilling company. We feel certain that a similar deal, if not a better one, can be had for NHMOC members and we are diligently working toward that end.

Please feel free to contact Paul Lee, Randy Garcia or any of the other committee members with any questions you may have regarding the drilling or leasing processes and be sure to watch the website for the latest news pertaining to our efforts.

NHMOC Steering Committee

Dec 15

Misleading Postcards: Here’s The Straight Skinny

Once again we are receiving phone calls and emails about the new postcards many of you have received from The Caffey Group concerning the “neighborhood meetings” they have scheduled over the next few days. The way the postcards are worded, it almost sounds like the meetings are in conjunction with or supported by the NHMOC.

This is NOT the case!

Do not allow yourself to be misled. The offers that Caffey is making are well below the $5,250 per acre that we know Chesapeake is willing to pay, as is the 20% royalty Caffey is offering for a 5 year lease. You CAN get 25% royalty and a 3 year primary term if you will just hang in there for a bit longer.

Caffey is “buying on the cheap” because they know, as we do, that they can turn right around and sell those leases to Chesapeake for more. And the “more” is the money YOU will be leaving on the table if you sign with Caffey now.

Caffey has NO well sites filed or permitted. They have no plans to do any drilling in the near future. They are strictly taking whatever leases they can to turn a profit. While I realize that their timing, right now before Christmas when a few extra dollars would be nice, is convenient, the profit they make will be YOUR money that you LOST by not waiting.

The NHMOC encourages you to STAY AWAY from these meetings and wait for the better deal. We don’t think it will be too much longer.

If you have neighbors who do not have email or Internet, please print this message and give it to them. You could save them from making an uninformed decision.

Wishing you a happy holiday season,

Kathy Maestas
NHMOC Steering Committee

Nov 22

Leasing and Drilling Activity Increasing in NRH and Hurst

The past two months have seen increased leasing and drilling activity in North East Tarrant County. We are just in the beginning stages as many wells have been drilled but are not producing yet due to lack of pipeline connections. According to the city of North Richland Hills (NRH), they are working with Chesapeake to direct the pipelines though existing utility easements rather than through residential areas.

Since our last update, Chesapeake has requested and received from the city of NRH two more permits for the pad site at Harwood and Blvd 26. They also have received three permits for the Engler-Mann site at Iron horse and Mid-Cities. Chesapeake already has five additional well site permits from the Railroad Commission at the Engler–Mann site and will request permits from the city when they get the additional property leased. According to the city of NRH, they expect 20 to 24 wells at each pad site. As you can see, this is just the beginning.

Hurst has seen increased activity as well. Chesapeake has eight Railroad Commission permitted wells at TCC north, at the corner of Precinct Line and Blvd 26. They recently applied for additional permits from the City of Hurst and the request was put on hold as the city is in the process of revising their permitting requirements. At the city council meeting on November 9th, they announced that they had approved the TCC permits using the old standards for the time being. Chesapeake’s request for a permit at the Diffenworth and Weldon sites are on hold until the new permit standards are finalized, which the city says will be in February. Chesapeake reportedly has plans to apply for a permit for the Diffenworth pad site (HWY 10 and Billy Creek) at the City council meeting on Tuesday November 23rd.

The south Hurst area from Pipeline to Hwy 10 has been heavily leased. The primary term of many of those leases was three years and The Harding Company, the original Lessor, subsequently sold them to Chesapeake. They expired last spring. At that point, 161 families whose leases expired joined the NHMOC. Chesapeake has a large number of leases in that area that don’t expire until 2012. Last January, 6 weeks before the Harding leases expired, Chesapeake applied for a permit from the City of Hurst. It was denied because Chesapeake had never had the area platted. Last month Chesapeake sent registered letters to many of those expired lease holders claiming to extend the leases due to “Force Majeure” (act of god) because the city would not approve a permit.

The following link is the city’s response to that letter which is posted on the city web site: http://www.ci.hurst.tx.us/DrillingLetter.htm

At the same time, some of those who held expired leases did not receive the force majeure letter, but have received offers of approximately $5000 per acre for new leases after they told Dale they were members of the NHMOC and they wanted the same offer that Chesapeake had given to NETGLO members last spring.

The point I wish to make is that the story changes each time a leasing agent comes to your door. The Caffey Group is still sending out letters to the folks in the Glenview/Rufe Snow area, offering $3000 per acre and 22% royalty for a 5 year lease. According to the city, neither Caffey nor Chesapeake has yet to apply for a well permit in that area.

Please do not fall into the trap of anyone who tells you that you must sign now or miss out forever. They are not telling you the truth. And do not sell yourself short by accepting the first offer they make you. Better yet, stick with the coalition and let’s all get the best deal possible. We ARE still working for you and are actively pursuing lease deals at the best possible terms, including extra protections for you, the landowner.

If you don’t know what to say to a lease broker who comes to your door, just tell them you’re with the NHMOC. And don’t believe them if they tell you we’re not around anymore. That is not the truth either.

The Railroad Commission regulates gas and oil drilling in the state of Texas and has a website where you can view the well paths after the permits are approved.


From the drop down menu, select Map Tool (zoom in) and County (Tarrant) and the map will change to this area. Click on the area you want to see close up and click “zoom in”. You can use the arrows to adjust the map in any direction. The online map is updated each time a new well is permitted for the individual pad sites. This allows you to see how close they may be planning to drill to your property. Keep in mind that the closer they get to drilling, the higher the signing bonus and royalty percent you can ask for.

The Hurst drilling letter has contact information for Mike Morgan, director of Community Development for Hurst if you have any questions. John Pitstick is the Director of Planning and Development for the City of NRH. His contact information is on the city website in the lower right had corner. Also you can click on “Gas drilling” and get detailed information on all the wells in NRH.

Be patient and stay strong! We are just at the beginning. The gas companies will drill a lot more wells when they get the pipelines in place and can actually produce and sell the gas. At that point the leasing will intensify.

If you have neighbors who do not have computers or internet access, consider printing this post out and sharing it with them. Lot’s of people are being contacted who have not had offers before and they sometimes do not know how to respond. Having this information should help them. As always, if you have questions you can email info@nhmoc.com or telephone Paul Lee at 817-284-4387. If you need to submit a Memorandum of Intent online, you can do that by clicking here.

NHMOC Steering Committee

Sep 02

NHMOC Is Alive And Well And Still Working For You…

There has been a lot of activity since our last update. As we mentioned, many of our neighbors in South Hurst whose leases expired in April have joined NHMOC, and new MOI ‘s come in every day. We now have over 250 members in the area from Pipeline to Hwy 10, and 820 to Precinct Line.

Chesapeake has a well site at Billy Creek and Hwy 10 and they are working to secure a drilling permit from the City of Hurst. Dawson Geophysical is canvasing the area for approval to conduct the geo-physical survey to help plan the most efficient well paths. This is a good thing and helps move the process forward.

North of there, from Pipeline to 820, the Caffey group has been sending letters and knocking on doors, offering $3250 per acre. Dale Properties, working for Chesapeake, is calling on homes north of 820 and west of Davis. They are offering $2000 per acre and telling people they have 90% of the property already leased, and you better sign up with them or you may miss out.

This is not true! The map we have included shows the NHMOC footprint with the property leased to Chesapeake highlighted in red. While the area at Iron Horse Blvd and Mid-Cities is heavily leased to Chesapeake, and includes the Engler well site that has been permitted by the city of NRH, that area only represents a linear well path of about half a mile. The Engler well site could easily reach south almost to 820 and Davis.

Chesapeake is building a frac pond at TCC and the Engler site. This indicates they plan to drill several wells from that location. The City of NRH has told us they expect Chesapeake to drill as many as a 12 wells from each TRC site, and just recently permitted two more well paths from the Harwood and Blvd 26 TCC site. We have a strong membership in those neighborhoods west of the Harwood location, North west, and south of the Harwood Blvd 26 well site.

Our attorney, Mark Nastri, who brokered the NETGLO and WAMRA deals is working directly with the gas companies on behalf of the NHMOC. The Chesapeake deal he negotiated was $5,250 per acre for 3 years, an additional $2,500 to extend the lease to 5 years, 25% royalty , your property measured to the center of the street, and his 16 page lease form that offers protections for the property owner. We expect to get nothing less for our members.

The fact that Chesapeake has a large amount of property already under lease inside our footprint (the property in red) and seven existing well sites (in the outer circle) should be a strong bargaining point in our favor. In order to fully develop the capability of those well sites, they need to lease the neighborhoods that belong to the NHMOC.

Everything they are doing indicates they plan to fully utilize those existing well sites, and to do that they need us. The longer they wait, the more property under previous lease agreements will expire. We need to stay united and reap the benefits that a united coalition can bring to the neighborhoods.

So please continue to hang in there with us. We are continuing to work for you and all of our neighbors. Do not be fooled by what the lease brokers are telling you. It is their job to get as many leases as they can at a bargain basement price. You can be sure that they are making money by doing so – money that could be going to YOU if you can wait for the coalition to complete its task.

We may be announcing a meeting soon, so please keep reading our updates.

Jun 11

Barnett Shale Activity Continues To Escalate In NHMOC Area.

There are several interesting new developments in the gas lease/drilling activity for the NHMOC area.

In the past month, several of our south Hurst neighbors’ gas leases have expired. We attended a meeting in their neighborhood, and introduced the NHMOC. Over two hundred new members from those neighborhoods have joined us since that meeting. There is another meeting scheduled at the Friendship Baptist Church at 1248 Hurst Blvd. (Hwy 10) on Monday, June 28th at 7:00 pm to introduce the NHMOC to those who haven’t yet joined us.  Our Attorney, Mark Nastri and some of our committee members will attend to answer questions.

Chesapeake has a meeting on Monday, June 14th at 7:00pm at the Hurst City Hall, with the City Planning and Development Department to request a permit for a well site at Hwy 10 and the Billy Creek intersection. This  meeting is open to the public. Chesapeake has permits for three new wells at TCC at the north corner of the campus. The well paths cross Blvd 26 and extend into the Kroger/Health Markets shopping area.

Last weekend, our neighbors in Home Town received letters from Turner Oil and Gas who claim to represent Chesapeake. They are offering $2500 per acre for three year leases with 22% royalty. The  Homeowners Association is planning to  host a meeting and the NHMOC will make a presentation to them.

The Caffey Group has been sending mail outs to some of our neighbors in North Hurst and the Iron Horse area with an offer of  $3250 per acre and 22% royalty.

Our sister coalitions , NETGLO and Hightower/WAMRA have accepted offers from Chesapeake for $5250 per acre for a three year lease, with an additional $2500 to extend the lease to five years if necessary, and  25% royalty. Our attorney, Mark Nastri, brokered  those deals. So $5250 per acre plus a 25% royalty is our target; not $2500 per acre, or $3250 per acre. Our proposed lease form is 17 pages and includes built in protections for homeowners. In addition, our lease includes your property measured to the center of the street. This could increase your lot by 15% or 30% if you have a corner lot.

We expect new developments every week as there are leases expiring in several areas within our footprint. Make sure you are signed up for email alerts on our Website, and if you haven’t submitted your Memorandum of Intent to become a member of the NHMOC, you can do that online also.

Older posts «

» Newer posts