SEAC South East Arlington Communities
Oil and Gas Lease Community Group
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Sample gas drilling rig. Click the document below to see a presentation that was made by the Fort Worth League of Neighborhood Associations, which represents community watch groups, neighborhood beautification groups, and historical district groups in Fort Worth (not mandatory HOAs). The FWLNAs works very closely with the City of Fort Worth Office of Neighborhood Services. I’ve been to their events; they are a solid, legitimate organization working to educate homeowners in Fort Worth. |
LEASE ANNOUNCEMENT
SEACTX has approved a deal with XTO Energy. Listed below are overview highlights.
Signing Bonus: $26,517 per acre,
including all strips, easements, etc.
Royalties: 26.5% no expenses
Term: 3 year primary/2 year secondary
Extension: $26,517 per acre
No surface use
No guarantee of title
No subordination fees
What other groups have negotiated
SWAPO (new record)
Signing $16,850
Royalty 25%
SWAPO2 (new record)
Singing $17,000
Royalty 25%
CCNG
Signing $17,000
Royalty 25%
SEAPO (new record)
Signing $22,000
Royalty 25%
LittleGreenArk
Signing $22,000
Royalty 25%
MANA
Signing $22,000
Royalty 25%
Meadow Brook Area (FORT WORTH)
Signing $25,000
Royalty 26.5%
(new record)
VFNA
Signing 22,500
Royalty 25%
(Arlington record)
The links for most of these groups may be found on our LINKS page.
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| We are your neighbors, not a gas lease company. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Welcome to the South East Arlington Communities webpage. Residents in the South East area neighboring communities have been approached by local Oil and Gas leasing companies who wish to lease our mineral rights. By doing so, we are giving the Oil and Gas drilling companies the right to drill and harvest gas from beneath our homes. This website will serve as a centralized location for information about our current global leasing opportunity as well as provide links to other websites for further research and investigation. New Updates October 13, 2009 Know Your Rights Seminar September 12, 2009 UPDATE This is a group of attorneys who are helping people deal with oil/gas lease negotiations, and representing folks from SEACTX who were denied their opportunity to sign by XTO. They are also working with folks who were force-pooled, are being harassed to sign waivers, and are dealing with transmission pipeline issues. www.ntxleaselitigation.com October 20,, 2008 URGENT UPDATE If you have not yet signed a lease, please let us know by completing the 'Contact Us' form no later than October 31, 2008. You can access the form by clicking the link above or clicking on Contact Us at the top navigation menu. We will post additional information as it becomes available. Chesapeake, XTO, Others Rescind High Bonus Lease Offers MEMORANDUM: April 25, 2008 SEACTX ANNOUNCES A DEAL Dear Friends and Neighbors, It is our sincere pleasure to announce that the Steering Committee has unanimously approved a deal with XTO Energy. A finalized copy of the lease agreement will be posted on the website as soon as possible. Please hold all lease questions until it is posted and you have had a chance to review it. Any answers do not constitute legal advice, as we are not attorneys; we are volunteers with a basic working knowledge of typically acceptable clauses found in other leases. Listed on the left are the lease highlights. Click HERE to read more news from 4/25 regarding this announcement. Keep checking back for the next community meeting announcement and further updates
Current SEAC Membership Communities
*We now cover over 5000 Acres and 7000 Homes More communities are joining every day.
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