Update 3/19/2008 – Strength in Numbers
Big news on the gas lease front! AHNA is joining forces with several other West Side neighborhoods to solicit bids from selected major drilling players in the Barnett Shale. Collectively, this alliance represents 3,300+ acres. We expect “strength in numbers” to put each neighborhood in a much stronger bargaining position.
Requests for bids should be in the hands of the gas exploration companies within the next two weeks, with a response expected by mid-May. We will then recommend to the neighborhood what we think are the best terms from the bids received. Terms include maximizing our economic compensation while minimizing the impact of urban gas drilling on our quality of life. Watch this space! Details to follow as they become available.
If you are not already on our gas lease drilling e-mail notification list, please sign up by sending an e-mail to christinapatoski@earthlink.net. That is the best way to stay informed. We will keep you abreast of developments via e-mail and once final leases are approved, we will let you know the arrangements for signing up. AHNA WILL LET YOU KNOW WHEN THE NEIGHBORHOOD LEASE IS READY TO SIGN. In the meantime, please beware of unscrupulous tactics by energy operators. We’ve heard of instances in other Tarrant County neighborhoods where a neighborhood recommended a lease and energy companies went door-to-door claiming they had the lease that the neighborhood association negotiated even though that was not the case. Another energy company was simply running an end around. We will do our best to keep you informed as the process moves forward. When in doubt, don’t sign.
Please keep in mind that, as always, you are free to sign your own lease, hire an attorney and negotiate your own terms, opt out of leasing altogether, or wait for the neighborhood lease. We feel it is in everyone’s best interests to wait for the neighborhood lease.
Disclaimer: This information is provided to you as an informational courtesy. Arlington Heights Neighborhood Association does not lease nor provide advice about leasing private property for gas exploration and drilling, nor do they endorse or are associated with any gas exploration or drilling companies.
