A property owner in Haltom City's Browning Heights neighborhood (we did a drive-by blog post on this neighborhood last fall) reports offers are getting better. Dale Resources, on behalf of Chesapeake Energy, is now offering a $5,000 per-acre bonus, 20 percent royalty, and 5-year primary term. That's up from a $1,000 bonus. Dale also has some competition in the area from Snow Oil Co. (See the aforementioned earlier blog post.) This property owner is looking for an opportunity to organize.
As we like to say, please feel free to use the comments section on this blog post to start the conversation.
-- Scott Nishimura