Andy Taft has written a letter to downtown Fort Worth property owners asking them to essentially stick together for a stronger negotiated lease.
Property owners are mulling over the first written offer made to the whole group, which is more than 150 acres and more than 120 members, said Taft, who is heading up the Downtown Fort Worth Gas Committee.
The offer is from Chesapeake Energy, and it includes a per-acre bonus of $25,000, a royalty of 25.25 percent, and a three-year initial term.
Our story in today's paper talks about a brochure being sent out by Chesapeake. The brochure is inviting downtown property owners to come by the company's headquarters at 301 Commerce St. in Fort Worth. The location in our story referred to the company's new headquarters in the Pier 1 building, but Chesapeake won't be in there until later this year, said Jerri Robbins, a spokeswoman for the company.