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Urgent Bulletins

On Saturday, November 7, 2009, beginning at 9:00 A.M. at the Fort Worth Convention Center, all Southwest Fort Worth Alliance residents can take part in a FREE Mineral Rights Leasing Forum called, “Know Your Rights”. Invitations to attend this forum are going out to multiple organizations and SFWA’s mineral owners will all receive an invitation soon, whether they have signed a lease or not.

URGENT BULLETINS ARCHIVES:

There are several important meetings and workshops concerning gas drilling in the Fort Worth area, a workshop on August 7th 2008 and a Gas Drilling Task Force public hearing on August 11th 2008. The following link will teak you directly to Fort Worth City's website where you can learn more about these events and review the event agendas.

August 7, 2008 - Gas Pipeline Workshop Gas Pipeline Workshop on August 7, 2008 from 12:00 - 3:00 pm. *Note the change in start time from 1:00 PM to Noon. A joint meeting between the City Council and the Gas Drilling Task Forceto include a series of informative speakers. The meeting will be held in the South Texas Room (Amon Carter Jr. Exhibit Hall) at Will Rogers Memorial Center. Due to broadcast limitations at the facility, the meeting will not be broadcast live. The meeting will be taped and aired at 8pm, August 8 on Charter channel 27, Verizon channel 35, OneSource and STI channel 7.

August 11, 2008 - Public Hearing: Gas Drilling Task Force Public Hearing
6:30 pm in the Fort Worth City Council Chambers

The Southwest Fort Worth Alliance is in the final phases of negotiating a gas lease that the Alliance leadership will be able to endorse to the entire Alliance coverage area. Both XTO and Chesapeake have come to the negotiating table with lease terms far better than anything presented to you previously. One of the two offers under review and consideration by the Alliance Leadership is superior to the other one. We have a final round of due diligence and meetings to complete to ensure the best deal possible for all of us, so please hang in there and continue to WAIT TO SIGN!

Gas companies may seek to condemn property/build pipelines and limit your recourse! You may wish to contact City Council, State Legislators, and other avenues to preserve property rights!

Please JOIN SFWA as we work together! Volunteer if you can! Contact your Neighborhood Association officers to see how you can help! WE are all in this TOGETHER!

Pipeline companies' right to condemn land may be questioned
Click here for the Star Telegram's article in the Sunday, June 22nd Fort Worth edition.
Chesapeake Energy works hard to sell Barnett Shale's benefits
Click here for the Star Telegram's article in the Sunday, June 22nd Fort Worth edition.
Our Voices Are Louder & Our Position Is Stronger!
Click here for the Star Telegram's article in the Tuesday, June 10th Fort Worth edition.

BEWARE NEW HIGHER MAILED LEASE OFFERS This past week you may have received a new mineral rights lease offer from Dale Properties for $20,000 an acre.As you know, this offer was made to the association and alliance but as you can tell from the contract; this is the gas company's lease and does not include neighborhood negotiations for drill site and safety provisions aimed at protecting our quality of life and our property values.We URGE YOU to put this on the pile or in the drawer with the rest of the solicitations you have received and continue to WAIT TO SIGN! Your home is the largest financial investment of your lifetime, why would you sign it away for a few thousand dollars, unless you know that your safety and quality of life and property value are protected through contract language designed to serve the neighborhood as well as the gas companies. In what other situation can 10 or 20 thousand dollars that you don't own turn into 25 or 30 thousand in a matter of months while you are doing nothing?This is NOT a neighborhood endorsed contract! Once the Alliance has concluded negotiations, WE WILL inform you that an acceptable agreement has been reached. This information WILL NOT come from the gas company.

The Southwest Fort Worth Alliance does NOT endorse the Carla or Dale contracts!
Neighborhood residents are being approached now by brokers with leases and offers for their mineral rights by mail, phone, and door to door visits. These leases are written to favor the gas company and do very little to protect the mineral right owner. These contracts allow gas company costs to be deducted from your royalties and do not discuss drill site provisions or truck traffic regulation. The Southwest Fort Worth Alliance represents seven neighborhood association, more than six thousand homes and over three thousand acres. Together we can negotiate a more competitive offer and a fair contract that will protect our royalties, our quality of life, our property value and our safety.

Seven Reasons for Seven Neighborhoods to Say NO to the current $20,000/Acre Contract:
1. The current broker offer provides a Producer-88 agreement, which stricly favors the gas company.
2. The current contracts are inconsistent in language possibly leading to legal costs to attempt to enforce what we 'thought' we were signing.
3. The current contracts pass gas company costs down to the mineral rights owners through royalty deductions.
4. The current contract does not include drill site provisions that could protect our property values, safety and quality of life. Once the first drill site is built, based on the contract we sign today, the gas companies can purchase additional sites in our neighborhoods and the only instrument regulating future sites, are the TXRRC, FW City Regulations and our agreement.
5. The current contract will likely be the only contract, it is good for the life of the well; we get one shot a making it right.
6. The current contracts may not protect you from mortgage company costs.
7. The current contracts may require you to legally warranty ownership of your mineral rights.

Other Barnett Shale Facts:
The Barnett Shale may hold 30 trillion cubic feet of natural gas worth approximately $300 BILLION. One acre could produce natural gas in 30 years worth almost $1 million. Wedgwood probably sits on one of the RICHEST concentrations of gas.

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