UTA wells paying off

The University of Texas at Arlington is the beneficiary of unusually strong production from six natural gas wells on its campus. The school said Monday it received a check for $528,495 from Carrizo Oil & Gas, its first royalty payment from production that started Nov. 4. The school said about 40 percent of the money will go toward undergraduate scholarships and graduate fellowships, with the rest to endowed faculty positions and campus improvements. Other property owners receiving royalty payments from the wells’ production include the city of Arlington, First Baptist Church of Arlington and the state of Texas. Carrizo said it issued a total of more than $675,000 in royalty checks just for November production.

For a complete report, see Tuesday's Star-Telegram.

--Jim Fuquay

Comments

[Kimfeil]

So now TCEQ tells me they need to bring in these lift compressors to boost lagging production on the older wells. Compressors = formaldehyde

[gbd]

I'd like information about Carrizo. They signed contracts with my neighborhood back in May 2008. No one in my neighborhood has heard from Carrizo since 2008. My contract says it is "UTA" but when I got ahold of a person at a phone number for Carrizo that I found on their internet site earlier this year they said our area is "Rolling Hills." Now they don't answer our phone calls or emails. Anybody know anything about them?

[carmen]

i would like to know how they got Carrizo to pay up, no-one else seems to be able too. Do they just have a good lawyer?

[Linda Yarbrough]

Whatever became of AISD's filing against Carrizo for payment discrepancies? Would be interested to know, especially since UTA/Spaniola 9/2/2009 Press Release gave Carrizo a glowing report of UTA's royalties and that of College Hills neighborhood.

[Michele Cowsert-Harris]

Frankly, I would like to know who is receiving royalities? Eagle Land Services where get to sign you up...however, how do you find out about your royalities. Noone returns phone calls and I personally have not received any information in the mail.