Thanks to the readers who alerted us to the gas lease deal that Northwest Arlington's Extended Oaks neighborhoods have struck with Axia Land Services, which is offering leases in the area on behalf of Chesapeake Energy. The terms: $17,000-per-acre, 25 percent net royalty, and three-year term. The neighborhood gas committee has been fielding questions from homeowners who wonder whether this is the best deal they can get. (Click here to view the Extended Oaks map and see a copy of the lease).
"Could better offers appear in the future? Yes," the committee says on its web site. But the committee feels it's negotiated its best deal, and "no further negotiations are planned."
Extended Oaks' target area is Randol Mill/Westwood on the north, Fielder Road on the east, Division on the south, and Crowley Road on the west. Click here to read our previous posts on the Extended Oaks.
-- Scott Nishimura