Three Grapevine neighborhoods east of Texas 121 in the Glade Road area have signed a notice of intent to be represented by two independent landmen in any negotiations on a group gas lease, the group is reporting.
The Glade Crossing Neighborhood Association, Shadow Glen association, and Saybrooke association signed the notice last week, comprising a block of 1,500 homes, Chris Warton, president of the Glade Crossing association said today. Here's a link to their web site, which has contact information for the group. The neighborhoods are north of Glade Road, east of Baze Road, and west of Euless Main, and go north of Hughes.
The associations have also spoken to organizers of a coalition of Grapevine neighborhoods west of 121 and north of Hall Johnson Road about joining up, which would comprise a total block of 3,500 homes, Warton said. He said the group might also be interested in joining up with neighborhoods in Euless south of Glade Road. The neighborhoods west of 121 and north of Hall-Johnson have organized into a group called DFW West Homeowners; here's a link to their web site and contact information.
All of the neighborhoods began receiving offers in the fall from Cimmaron Field Services, acting on behalf of Chesapeake Energy. The offers: $3,000-per-acre signing bonus, 20 percent royalty, five-year term, no surface access rights. Here are our previous posts on Grapevine and our previous posts on Euless.
Warton said his group's goal is to try and win the financial terms of the lease deal that Dallas/Fort Worth Airport signed (about $10,000 per acre signing bonus), plus ensure environmental safeguards and try and get as short a term as possible. Chesapeake is drilling at the airport, which is just east of the Grapevine and Euless neighborhoods and could drill underneath the neighborhoods from there, the neighborhoods believe.
"We are not as concerned about the money as much as where the drill goes, what the noise is, how long the term is," said Warton, deputy head of standards for an aerospace company's Dallas training center.
Nobody besides Chesapeake appears to be in the picture for the leases, which diminishes the group's bargaining power, Warton acknowledged. But the group has "the fact that we are so large, and we can just say we're not interested. You'll shut down hundreds of homes."
Warton said his group found the two landmen through a Saybrooke homeowner, who knew one of them. One of the organizers of the neighborhoods west of 121 also is an independent landman.
-- Scott Nishimura
(Photo: Grapevine's Pleasant Glade Pool)
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