Northeast Fort Worth Mineral Leasing group to meet

Northeast Fort Worth Minerals Leasing Task Force, representing seven neighborhoods, will present an update on its work as part of the John T. White Neighborhood Association's regular meeting, set for 7 p.m. Aug. 7 at the East Regional Library, 6301 Bridge St. Besides the John T. White group, membership includes Sandybrook, Burton Place, Cobblestone Square, Mallard Cove, Emory Place and Blake Meadows. Click here for a map of the area, which is bounded by Interstate 30, the Trinity River, S.E. Loop 820 and Eastchase Parkway. Organizers say they have about 300 letters of intent from property owners and will be soliciting more this weekend. Glenn Neasbitt and Mike Dean have been named co-chairs of the task force, and John Barber was chosen as an attorney.

-- Jim Fuquay

Comments

[DRILL BIT]

25% is not the norm, people in the SHALE seem to think its the Norm, but its not, A standard OG&M Lease is 12.5% , Ft. Worth has had it to easy, with all the 25% Leases and Large Bounes and hinney wiping going on.

[Batty Witt]

Oil Royalty Mineral Rights – Anwar

To Whom It May Concern,

Who owns the mineral rights to the oil in the area congress needs to vote on? (Anwar – off shore)

Normally, the land owner gets 25% of the profit.

If this is owned by the US government, who gets the 25% ????

Should a royalty check be paid to every US citizen?

This in not federalization of the oil, just normal business procedures to pay the 25% to another party besides the oil company. The companies don't normally get this money anyway.

Thanks