Blogging the Barnett Shale continues to hear more about leasing activity in Grand Prairie, home of Lone Star Park and Nokia Theatre.
This latest one is a little unusual. David Gray, who lives in south central Grand Prairie off of Beltline Road, says he has five acres -- his one-acre homestead and another larger parcel nearby.
In the last month, he says he's received three lease offers. The first was an offer from a landman acting on benalf of Chesapeake Energy, offering a $2,000-per-acre bonus on his five acres and a 20 percent royalty. The second offered a substantial signing bonus and more at the start of drilling. He is keeping those terms to himself. The third offer was from a landman acting on behalf of Carrizo Oil & Gas, offering a $4,000-per-acre bonus and 25 percent royalty. The first and third offers included no surface access right, Gray says.
Blogging the Barnett Shale has previously reported a lease deal at Lone Star Park at Grand Prairie.
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