New resource for neighborhoods: Lease forms

Here's a resource for neighborhoods that are considering trying to negotiate with gas drilling companies: lease forms negotiated by the Berkeley Place, Ryan Place, Mistletoe Heights and Tanglewood neighborhood associations in Fort Worth. Those neighborhoods are among the first to successfully negotiate leases with drilling companies.

The Berkeley Place/Ryan Place lease and the Mistletoe Heights lease, both with Fort Worth Energy, include minimum equipment spacing requirements as part of the lease, exclude various surface uses of leased property, and dictate what other company the lease may be assigned to.

Berkeley Place/Ryan Place: Download berkeley_ryan_place_leasefinal_2.doc

Mistletoe Heights: Download mh_lease.doc

The Tanglewood Neighborhood Association lease with XTO Energy includes favorable language regarding the exclusion of various costs from the royalty payment.

Tanglewood: Download tanglewood_lease.pdf

For contact info on these neighborhoods and others in Fort Worth, click here.

-- Jim

Comments

[Jeff Hunt]

Very good info from blog.

Reading about second well in Woodhaven. I own property very close to the well(within 1000 feet), but have not been approached by anyone. Property is 6715 Bridge Street, outside of Woodhaven. Any th0ughts on who to contact?

[Larry Szuhy]

Thanks very much for the lease info. This will be very helpfull to Forest Pointe Estates Owners Association of which I am the President.