The Startlegram published a story today on a neighborhood which just leased for a bonus of $15,850 an acre. This is far in excess of the $10,00 per net acre offered in the letters sent by XTO and Holland, but it is significantly less than many companies are willing to pay.
While most homeowners would like to reasonably maximize the financial aspects of a lease, surface operations restrictions are also important. I know some of our neighbors are concerned about the surface location and where the production equipment (specifically the compressors) will be located. I have heard that the current plan is for this equipment to be located near "Hooters" restaurant. I have also heard that XTO has enclosed compressor sites in other parts of the city. We may wish to seek an enclosure requirement in relation to the compressor site. The drilling rig will leave in 60 days, but the engines will be here for a long, long time.
These are just examples of the types of issues that can be addressed in leases.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment