New Colleyville group emerges

A group of seven homeowners associations,a church and about 50 individual homeowners all in Colleyville, have banded together to try and lease their mineral rights.

They're calling their group the Colleyville Area Mineral Rights Association.  It includes:

• Oak Brook Hills
• Monticello
• Pebble Hill
• Shalimar
• Warwick Park
• Western Trails
• Williamsburg Estates (See our previous blog post)
• Crown of Life Lutheran Church

Grady Walker, a spokesperson for CAMRA, said the group includes about 1,000 acres, some of which spill over into Southlake as well. Dale Resources and Petrocasa Energy have a total about six well sites that would touch the homes within CAMRA, Walker said.

The group's rough boundaries go from Continental Boulevard on the north to Tinker Road on the south, and the intersection of Highway 26 at John McCain Road on the east to Davis Boulevard in Keller in the west. The boundaries take in the Williamsburg Estates neighborhoods along John McCain that we've previously blogged on.

Some individual homeowners signed offers last year, Walker said, but he's hoping to add to the group's size. There are about three other homeowners associations that could join the group, he said.

-- David Wethe

(Photo: School play at Crown of Life)

Comments

[Steve Hardee]

This is a simple thing to deal with if we are willing to have a walk away price. We must understand the negitive impact to the environment. Hazardous Material, potential blow outs (exploding gas), greater traffic flow for salt trucks (road repair impact $), sludge pits, land stripping, noise factors at the drill sites, and strangers all over the neighborhoods. If our negotiating team can maintain the attitude that this is just not needed, then we can reach a record price. I only mention that for those of you focused on money only. Remember that our property values may be negitively impacted for five years? Negotiate enough to cover the potential decrease and any other dollar amounts to cover the above. Sometimes, to walk away it the best choice. In the grand scheme of things, the energy companies are not talking about very much money compared to what we now enjoy in our community. Don't feel sorry for the energy companies. They can turn a profit at three times the current record price ($26,500 Arlington). Sometimes it amazes me to see good people grasp for pennies, while the energy companies rack in the dollars? CEO for XTO made 56 Million last year. The lady that talked me into signing with CAMRA also owns stock in XTO? That made me wonder what ties, if any, other members of our negotiating team have to the energy companies. Is it possible for energy companies to hand select internal confederates within the community to create a borad before making their play? We do have large energy players living here? Just a thought. Being on this board is a thankless job, if you don't have skin in the game? If they are doing this out of civic pride, we should applaud them! Hopefully, they are looking out for our best interest. Keep in mind that we should work with the energy companies to make the best out of this situation. However, this should not be just another average deal. Because we are not just another average community! Thanks.

Steve

[Louis McBee]

AFTER READING THE STARTLEGRAM THIS MORNING, JUST THOUGHT YOU FOLKS MIGHT LIKE TO KNOW THAT OUR GROUP WORKED WITH DRILLER DIRECT (INSTEAD OF THROUGH LAND MEN SUCH AS DALE) AND WERE ABLE TO NEGOTIATE NEIGHBORHOOD PROTECTIONS FROM DRILL SITES AND $25,000.00 PER MINERAL ACRE AND 26.5% ROYALTY INTEREST. THE LARGER AMOUNT IS BECAUSE WE ARE NOT PAYING LAND MAN MONIES FROM OUR INTEREST IN MINERALS.

LOUIS MCBEE, CHAIR
GREATER MEADOWBROOK
MINERAL LEASING TASK FORCE
817-312-2023