Offers going up in Southwest Fort Worth area

The newly formed Southwest Fort Worth Alliance reported today that it's now up to 25 neighborhoods and includes more than 6,000 acres.

We told readers of the the Star-Telegram print edition last week about this newly merged super group. Click here for the story and to see which neighborhoods are part of the group.

Click here to see what we wrote on the blog earlier this year about the group.

The offers are also starting to tick up, but only to specific homeowners groups within the alliance. The alliance hasn't yet begun to negotiate as a group with the energy companies. The highest offer is now up to $25,000 an acre for lease bonuses and a 25 percent royalty, with the usual three-year primary term and an option for another two years.

Tolli Thomas, co-chair of the group, said the alliance is now looking to hold meetings with the drilling companies. The three that have circulated offers to various property owners in the group are Chesapeake Energy, XTO Energy and Carrizo Oil & Gas. Chesapeake and XTO each have multiple well sites that could perhaps reach most of the property owners, Thomas said. Carrizo has mostly gone after homeowners on the southen end of the group's boundaries.

--David Wethe

Comments

[vincent sancillo]

Hi live at 4605 rector ave.Been approach to sign gas lease for $254.00.Could someone help me about this lease.Please call me 817-926-2329

[Melody]

I own property on Blue Grass Lane 76133 (don't live in the area) and am trying to find out if it falls within one of the neighborhood alliances, and if so, which one.

[Jerry]

QFT:
About the authors
David Wethe has been a business reporter at the Star-Telegram for the past five years, covering sports-business and aviation and recently switching onto the Barnett Shale coverage team. David's a graduate of the University of Missouri, and he lives in Bedford.
Mike Lee is a longtime North Texas reporter and is one of the Star-Telegram's Fort Worth City Hall reporters. Mike's a graduate of Southwestern University in Georgetown, and he lives in Fort Worth.
Jim Fuquay is a longtime North Texas reporter and editor, and he is the Star-Telegram's energy industry reporter. Jim's a graduate of the University of Texas, and he lives in Arlington.
Scott Nishimura is the newspaper's business editor and a regular contributor to our Sky Talk airline and travel blog. Scott's a graduate of the University of Missouri, and he lives in Fort Worth.
Bill Bowen is assistant business editor, and he heads up the paper's energy coverage. Bill graduated from LSU-Shreveport, and he lives in Fort Worth.
Richard Stubbe is assistant government affairs editor, and he directs our coverage Fort Worth City Hall coverage. Richard graduated from the University of Texas, and he lives in Fort Worth.
---

I don't see any blog editor or proofer credits:
Just what is 'our coverage Fort Worth City Hall coverage'?
What's the dif btwn 'the Star-Telegram's energy industry reporter' & 'heads up the paper's energy coverage'?
Personally, I'd rather know about undergrad majors and advanced degrees than town of residence.

Overall, I disagree with the paper's representing the city government and big-deep pockets, over the citizen-subjects of the FtW/Tarrant metro area. Am I right guessing that the Star-T also has KH&H on retainer? (As does CityOfFW, Kimbell A.F., & BassBros)

Your recent glee at the KAF earnings neglected to remind the people of FW that they no longer own either the Collection, or its Foundation.