An S-T staffer who lives in Haltom City's Browning Heights neighborhood says XTO Energy has now entered the leasing picture there, joining two competitors for leases.
A postcard received on Monday advertised an offer that appeared to match a previous offer by Dale Resources. The terms: $12,500 per net mineral acre, 25 percent royalty, and a 3-year primary term with 2 year option at $10,000 per acre.
The postcard reads: "XTO wishes to announce the expansion of its Barnett Shale leasing project to include the Haltom City Area of Tarrant County, Texas. Please contact us for more information."
-- Scott Nishimura
This group settled for $20,050 / 25%
June 14th 2008
Posted by: txnonrev | June 15, 2008 at 04:20 AM