Four Sevens Energy, which has been signing up leases on the Fort Worth South Side for Chesapeake Energy, says it will continue pushing for leases on the South Side even though XTO Energy and its leasing partner Fort Worth Energy recently reached a deal with a coalition led by the Ryan Place neighborhood association.
The Ryan Place agreement calls for a $10,000-per-acre lot bonus, significantly greater than the $4,000 that Four Sevens and Chesapeake have been offering neighborhoods.
The Berkeley Place neighborhood association, part of the coalition with Ryan Place, also tells the S-T that it expects soon to receive lease offers from XTO. Thus far, Berkeley homeowners have only received offers from Four Sevens and Chesapeake.
Both the Ryan Place and Berkeley associations are endorsing the XTO offers.
Four Sevens isn't saying whether it plans to increase its offer. It tells the S-T only that it expects to be "competitive."
(Photos: Bill Conley and Dan Roberts from the Ryan Place association, Berkeley Place July 4th parade)