Burleson "Holdouts" organize

To hear the folks in South Burleson tell it, lately, landmen have been crawling over the city like ants.

The South Burleson Homeowners Association reports it's changed its name to the "Community of Gas Lease Holdouts," as "this seems to define our reason for being and so many were afraid of the Homeowners part of the name, because they thought that we were going to restrict some things in their neighborhood."

The Community of Holdouts says 19 landmen representing Chesapeake Energy, Devon Energy, and several other entities have peppered South Burleson with lease offers carrying $1,500-$10,000 per-acre signing bonuses and 21-25 percent royalties.

The Community has had two meetings so far, including one Saturday. More than 300 people attended and "new properties are being added daily to the over-350 properties already registered," says Bill Mahanay, pmahb@sbcglobal.net, spokesman and organizer for the group. "With many volunteers to make phone calls and canvas the areas of South Burleson," the group hopes to add more properties to its list, Mahanay said.

The group's next meeting is 4 p.m. Feb. 23 at the Burleson Church of Christ, 820 S.W. Wilshire.

-- Scott Nishimura

Having a meeting on the Barnett Shale? Publicize it here, on our new Community Calendar!

Comments

[Doug Whitby]

I'd like to personally invite those that want to organize efforts like these "hold outs" to come and advertise their mineral rights on our site for free... www.mineralrightsstore.com
We connect mineral rights holders with buyers.

[im Terry]

I live two blocks north of Alsbury and the Burleson Holdout group refused my request to join their cause. TWO BLOCKS!
It is still Burleson! So rather than add more land to their negotiating power I, and others around me are left to fend for ourselves.