Watauga Area Mineral Rights Association (WAMRA), which has already reported offers from Holland Acquisitions on behalf of XTO Energy, says Spartan Geophysical has jumped into the area with an offer for $13,000 per acre and a 25 percent royalty. It is the second time in as many weeks that Spartan has surfaced. Barely a week ago a homeowner in Parkwood Hill Estates, a north Fort Worth neighborhood just west of Watauga, reported an identical offer from Spartan, which lists a southwest Fort Worth address. WAMRA organizer Cheron Stults, in a posting on the group's Web site, said she is encouraged that the new offer suggests the area is gaining visibility, but recommended that homeowners not sign a lease, but instead work with the organization.
WAMRA consists of members in the Greenfield Village neighborhood of Watauga, which is just northeast of the intersection for U.S. 377 and Watauga Road. The group is also close to Grace Hardeman Elementary and Watauga Middle School. Stults has said XTO's offer includes a per-acre bonus of $10,000 and a 25 percent royalty as part a standard three-year lease with a two-year option. The option would pay another $10,000 bonus. In Parkwood Hill Estates, a neighborhood of fewer than 100 homes, one homeowner reported that a landman said Spartan has been active in Oklahoma. The landman said that about 150 residents have signed in an area roughly bounded by Teal on the west. North Tarrant Parkway on the north, Indiana Springs Road on the east and Chapman on the south. That area includes the Park Glen development. Parkwood Hill has scheduled a meeting Thursday, July 24, to discuss leasing at Alliance Baptist Church, 8400 Park Vista Blvd., at 7 p.m.
-- Jim Fuquay