Barnett Shale

$25,500 deal reached with Turf Green United (SW Arl)

The group in Southwest Arlington known as Turf Green United says on its website that it has reached a deal with a relatively new drilling company Titan Resources and its land affiliate The Caffey Group.

The terms of the deal are:

• $25,500 per-acre bonus
• 25 percent royalty
• Initial three-year term with an option for another two years and another $25,500 bonus

Competition helped drive up the price. We last told you in late February about a $17,000-per acre signing bonus and a 25 percent royalty offered by Carrizo Oil & Gas. The group also reports on its website that it received an offer of $25,000 per acre from Dale Resources, representing Chesapeake Energy.

The group, which posted the deal agreement last night, also announced signing dates at The Church on Rush Creek, at 2350 SW Green Oaks Blvd., in Arlington.

They are:

• Tuesday, June 10, 4 p.m. - 9 p.m.
• Thursday, June 12, 4 p.m. - 9 p.m.
• Saturday, June 14, 10 a.m. - 4 p.m.
• Tuesday, June 17, 4 p.m. - 9 p.m.
• Thursday, June 19, 4 p.m. - 9 p.m.
• Saturday, June 21, 10 a.m. - 4 p.m.

When you go to sign, you'll need to bring a picture ID, and all parties that own the property must sign the lease, the group's Website said.

The group is also expressing frustration that officials for Dale Resources is going around the neighborhood, posting flyers on people's doors.

"The lease they are offering is not a Turf Green United approved lease. This a common tactic used by this company to cause signing date confusion within a united neighborhood. These types of dishonorable tactics are unwelcome and speak loudly on the way Dale conducts business."

Click here for the Website for Turf Green United, formerly known as Sterling Green Addition.

Click here to see what we've said about this group before.

--David Wethe

West FW (Chapel Creek) reports lease offers

A property owner in West Fort Worth's Chapel Creek neighborhood reports receiving a lease offer yesterday from Caffey Group. Offered terms: $8,000 per acre lease bonus, three-year primary term, 25 percent royalty. The neighborhood is west of Loop 820, north of Westpoint, and south of White Settlement Road.

-- Scott Nishimura

CATS endorses Titan Resources/Caffey contract

CATS, the southwest Arlington group representing homeowners immediately east of Lake Arlington, said Monday it endorsed a lease with Titan Resources/Caffey Group and will hold informational meetings at 4 p.m. and 6 p.m. Monday at St. Vincent de Paul Catholic Church, 5819 W. Pleasant Ridge Dr. The CATS lease pays a $26,000/acre bonus and 25.5 percent royalty for a 3-year term (and a commitment to drill within 30 months), said organizer Jim MacDowell. He said the extra half-point royalty came from the owner of a planned drill site, near Bowman Springs and Shorewood, who contributed a portion of his override on the lease. Titan is affiliated with Hollis R. Sullivan, MacDowell said. He said the deal was the outcome of discussions with five parties that eventually came down to Titan and Paloma Resources, acting on behalf of Chesapeake Energy.

-- Jim Fuquay

SW Arlington group gets $16,850-per-acre bonus

SWAPO, a group representing several southwest Arlington neighborhoods, reports it's negotiated a lease agreement with GMB Professional Land Services on behalf of Paloma Resources that calls for a $16,850-per-acre signing bonus and 25 percent royalty. The signing bonus is the highest thus far anong neighborhood leases in the Barnett Shale.

Click here to view a map of SWAPO's coverage area. The group says the area is expanded and now includes neighborhoods from U.S. 287 and Eden Road on the west, Sublett and Collard roads on the north, Hardisty on the east, and Curry Road on the south. S.J. Stovall and Allan Saxe parks are within the area.

SWAPO stoked competition for its leases from Paloma, Dale Resources on behalf of Chesapeake Energy, and Caffey on behalf of Hollis R. Sullivan, which has been signing leases in south Arlington and Kennedale.

Update: Click here for the full Star-Telegram story on this deal.

-- Scott Nishimura

(Photos: Festival at S.J. Stovall Park)