Close to 1,500 people from the southwestern Grand Prairie area turned out Tuesday evening to endorse a mineral rights lease offer from the team of Titan Operating and Vantage Energy, continuing a string of successes the two new companies have racked up. Gopo (Garden Oaks, Kingswood Forest, Horseshoe Bend, Beacon Hill and South Sheffield property owners) and Lake Parks Better Gas Lease Group represent more than 4,000 property owners and about 1,200 acres, says attorney Scott Bauer, who worked with the groups.
Titan and Vantage, which are separate companies but share a common investor, offered a three-year deal with a signing bonus of $25,000 an acre, royalty of 25 percent and rules on noise, traffic and other protections. The companies and their land agent, Caffey Group, expect to conduct title searches and contact landowners for signing meetings. Bauer said XTO Energy had been working the area but pulled back, opening the way for Titan and Vantage. Titan recent gained the endorsement of the Bedford-Colleyville Mineral Rights Coalition, while Vantage inked one of the Tarrant County's biggest lease deals when it won the backing of the Southwest Fort Worth Alliance.
-- Jim Fuquay