Norm Stemple, head of the Mistletoe Heights Neighborhood Association drilling committee, sent residents an email Wednesday announcing that Four Sevens Energy has matched Fort Worth Energy's $15,000 per acre lease bonus. Berkeley residents began signing similar leases from Fort Worth Energy (on behalf of XTO Energy) on Tuesday, and Ryan Place residents are scheduled to do so on Oct. 30, followed by Mistletoe Heights on Nov. 1.
Here is the text of Stemple's note to his members:
Today (Wednesday, Oct. 24) at 5:30 PM I received a phone call from Four Sevens/Chesapeake telling me they are matching the $15,000./acre signing bonus. The lease as sent last Friday remains the same. Verbally CHK states that the well site is along 8th Ave and the compressor is more than 1000 feet away. However the lease states the well site is over 200 feet from any home and the 1000 foot distance is only from Berkley and Ryan Place, NOT Mistletoe Heights.
A reminder that the sign-up for XTO will be at Colonial Country Club on Nov. 1 This is the lease recommended by the MH Gas lease committee.