Southwest Arlington Property Owners 2, which plans its first membership meeting Feb. 12, says it has asked Chesapeake Energy to allow someone other than Four Sevens Energy to conduct leasing in parts of the SWAPO2 area, citing dishonest practices by Four Sevens agents. Organizer Tom Rodgers said the group on Feb. 6 sent a certified letter to Chesapeake's district landman requesting that Dale Property or other Chesapeake agent negotiate on Chesapeake's behalf. Rodgers said his group formally represents between 400 and 500 owners of the approximately 2,500 tracts in the group's boundaries, pictured here. Representatives of Chesapeake and Four Sevens were not immediately available Thursday for comment.
Rodgers said SWAPO2, a clone of the highly successful SWAPO group that has already negotiated high-paying mineral rights leases, is in ongoing talks with Dale Property and also with Carburante Cos., an agent for Carrizo Oil and Gas. He said the group also has invited bids from Hollis R. Sullivan and XTO Energy but is not in active talks with those companies. Rodgers said the plan is replicate the SWAPO model of developing a common lease, requesting sealed bids from interested operators, and endorsing the best offer. Property owners remain free to sign their own leases or decline to sign any lease, he said.
SWAPO2's meeting is set for 7 p.m. to 8 p.m., Tuesday, Feb. 12, at Grace Presbyterian Church, 5500 Mansfield Road, in Arlington. The meeting is open only to property owners and media. The agenda includes appointment of street captains, identification of current bidders and ratification of the bidding process.
-- Jim Fuquay
Having a meeting on the Barnett Shale? Publicize it here, on our new Community Calendar!
(Photos: Band, football practice at Kennedale High School)