SWAPO, a group representing several southwest Arlington neighborhoods, reports it's negotiated a lease agreement with GMB Professional Land Services on behalf of Paloma Resources that calls for a $16,850-per-acre signing bonus and 25 percent royalty. The signing bonus is the highest thus far anong neighborhood leases in the Barnett Shale.
Click here to view a map of SWAPO's coverage area. The group says the area is expanded and now includes neighborhoods from U.S. 287 and Eden Road on the west, Sublett and Collard roads on the north, Hardisty on the east, and Curry Road on the south. S.J. Stovall and Allan Saxe parks are within the area.
SWAPO stoked competition for its leases from Paloma, Dale Resources on behalf of Chesapeake Energy, and Caffey on behalf of Hollis R. Sullivan, which has been signing leases in south Arlington and Kennedale.
Update: Click here for the full Star-Telegram story on this deal.
-- Scott Nishimura
(Photos: Festival at S.J. Stovall Park)
I have seen sensors being but in various yards throughout our neighborhood but have not seen/heard anything recently about our gas lease. The SWAPO website has been suspended so there seems to be no information available to our neighborhood.
Posted by: Cindy Hill | July 29, 2010 at 06:39 PM
Is there any update on drilling activities.
Posted by: Shawn Guinn | March 05, 2010 at 04:34 PM
we are included in this area, but we were not made aware of the newer lease info listed here. is there a way we can get our contract renewed or updated?
Posted by: Lynda Kitchens | August 07, 2008 at 09:10 AM
I have a property in SWAPO area. How can I sign a gas lease for this property? Thank you
Posted by: Terry Mathew | June 20, 2008 at 12:05 PM
I'm in the Park Springs area, and we just signed for 17,000 acre. Once you sign the contract your set at that price. I'm glad it finally happened!
Posted by: Howard | January 26, 2008 at 11:54 AM
Hello,
I own property at 6404 S. Cooper. That is Just south of Hardisy on the West side of Cooper. Can I be included into your group or is there a group that covers me?
Posted by: Jerry Hudson | January 17, 2008 at 05:36 PM
I have a friend that signed at $2000.00 that is in our area. Is there anything she can do to get them to up her contract.
Posted by: Debbie Crawford | January 11, 2008 at 09:05 AM
The SWAPO's website homepage states "Paloma has agreed to include all neighborhoods adjacent to the original SWAPO area. Go to the page above called, ” SWAPO Area: Expanded” to view an updated map.
The SWAPO Team"
What precisely does "all neighbors adjacent" define? Can a GMB/Paloma representative provide some clarification on this blog to those who are in close proximity to the mapped SWAPO area?
Posted by: Marie Avis | January 09, 2008 at 05:10 PM
How long is the lease term in years? What does the neighborhood expect to earn annually in their 25% royalties payments?
Posted by: keith harrod | January 04, 2008 at 06:39 AM