The latest salvo in the battle to lease Berkeley Place, Mistletoe Heights and Ryan Place was delivered Monday by FedEx: Chesapeake Energy's latest offer of a $12,500/acre bonus, 25 percent net royalty and up to a $75,000 contribution to each neighborhood association. That's up from the $11,000 just last week. Homeowners in each of the neighborhoods reported receiving the packets Monday. Fort Worth Energy and XTO Energy had earlier reached agreement with the neighborhoods on terms of $10,000 per acre, 25 percent royalty and, just last week, a payment of up to $50,000 to the Ryan Place Improvement Association. That contract also specified several environmental and safety concessions sought by the neighborhood negotiators.
Chesapeake's cover letter says it intends to use the Eighth Avenue drill site (in the railroad right-of-way across from Elizabeth Boulevard). That's a big issue with Berkeley Place in particular. The lease also guarantees only a 200-foot separation from homes, less than the city's 600 feet minimum, which Fort Worth Energy has written into its lease. Chesapeake notes that it asks only a three-year term, compared to Fort Worth Energy's four years, and matches Fort Worth Energy's promise to keep compressor stations at least 1,000 feet from neighborhood borders.