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Tarrant County Commissioners approved two gas leases with Houston-based Carrizo Oil & Gas Tuesday.
Commissioners approved a deal to lease the mineral rights for the Southeast Sub-Courthouse in Arlington for a signing bonus of $54,000 or $18,000 an acre.
They also approved a deal for 3.1 acres of county-owned right-out-way property in Mansfield for a $37,224 signing bonus, or $12,000 per acre.
Both deals include a 25 percent royalty.
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Keep on drilling
Posted by: | May 15, 2008 at 08:20 AM