Bernetta Glasser of central Arlington's Fielder Park Gas Lease Negotiating Group reports that the organization is supporting an offer from Carrizo Oil and Gas for $15,000 an acre and a 25 percent royalty. She says lease signing started Thursday.
The Fielder Park group's experience is a shining example of how neighborhood cohesion can earn more favorable lease terms for landowners. Carrizo's first offer in July, through its agent Cheaha Land Services, was $1,200 an acre and 23 percent royalty. The competition escalated when Chesapeake Energy and its agent, Western Production Co., entered the fray.
The Fielder Park group's email address is email@example.com.
-- Jim Fuquay
(Photo: Fielder Park)