About

Welcome to NEIGHBORHOOD GROUP Gas Lease Blog (formerly Coronet Estate Homeowners blog). The purpose of this blog to provide the latest information regarding the ongoing negotiations between you, the homeowners, and the gas companies and their representatives for the minerals under your property.

In addition, I will also provide some online and offline resources where you can learn more about topics such as drilling in the Barnett Shale, experiences of other neighborhoods with their mineral rights negotiations, important local Arlington news and information related to gas drilling, as well as any other pertinent issues.

The most important job of this blog is to be a central hub of information for homeowners in Coronet Estates (and possibly neighbors in nearby or adjacent communities who may also eventually join us in negotiations). Additionally, it is our hope that this blog fosters a sense of “neighborliness”, open communication and cohesion that we will need as the negotiations progress.

I’ll strive to update this blog daily or at the minimum whenever there is a new or noteworthy development. I have set up an email address specifically for this effort. Drop me a line at arlingtongasdrilling (at) gmail.com and let me know if you have any suggestions on how to make this blog better or just to say ‘howdy’.

Here’s to a win-win outcome!

7 Responses

  1. Jim White, on November 25, 2007 at 11:51 am said:

    Thanks for setting up the blog. I haven’t seen it yet (on the blog), but following is the link to the Star-Telegram’s blog on the Barnett Shale & other neighborhhos who have successfully negotiated with the energy companies when they got organized. http://startelegram.typepad.com/barnett_shale/
    The Fairmont neighborhood in Fort Worth had a particularly interesting deal negotiated, which I understand is very close to what the Wimbledon area neighborhoods (on the east side of Bowen Rd, south of I-20) are close to finalising- $15,000 per acre signing bonus, 25% royalty with all fees paid, including mortgage company fees, royalty and bonus calculations based on properties extending to the center of the street, etc. This last item is a potentially significant $$$ bonus for all property owners. My lot, for example, is approximately 72′ wide by 106′ deep, with a 50′ street right of way in the front. Going to the centerline of the street rather than using the platted property lines increases the area for calculating bonus and royalties by almost 24%!
    The mortgage company release is an item that can potentially take a significant chunk out of any signing bonus. I’ve written my mortgage company to get an estimate on the fees and I encourage everyone else to do the same. It will be a challenge getting to the right person in Customer Service. The CS agents haven’t a clue and will insist on your sending in a completed lease agreement in order to give you a fee amount. Insist on talking to a supervisor, and if they can’t get you to the proper department to get this information, insist on talking to the next higher level in the company until you get good information. Don’t give in or give up.
    This is why we need to be organized as a neighborhood.

  2. Dr. Luz Gonzles, on December 11, 2007 at 10:13 am said:

    Hello Ron,

    I am so glad to hear you are involved in the Coronet Estate Homeowners blog, I have enjoyed every article and things posted there.

    Keep up the good work.

    Luz

  3. July Croager, on February 15, 2008 at 9:10 am said:

    I need help regarding a letter I received from Paloma Resources. As I live in a neighborhood that does not have an association, how do I handle the negotiation of the lease signing?

    Thanks.

  4. Harry Klocinski, on February 17, 2008 at 9:36 pm said:

    I live in Shorewood Hills (encompassed by Pleasant Ridge, Poly-Webb, Shorewood, and Perkins) and have recently recieved a lease offer from Paloma Resources for my 0.23 acre lot of $2030 for 3 years and an additional $2030 possible at the end of that period for a 2 year extension, plus 25% royalties.

    I read in the Star-Telegram that your group has negotiated to recieve $16,850-per-acre plus 25% royalties.

    How does the offer I recieved compare to yours? Are your leases structured in the same 3 year/2 year manner? Any information that would help me determine the fairness of Paloma’s offer would be appreciated as I am only beginning to educate myself in these matters.

    Thank you.

  5. Ron Gonzales, on February 18, 2008 at 3:00 pm said:

    Harry, based your acreage and the amount offered, Paloma is offering you $10,000 per acre. 10000 *.23 = 2030. Aside from the difference in the per acre signing bonus, the other provisions seem to be pretty standard and similar to our offer. As to the fairness of the offere, that depends on many factors such as, offers to neighboring group, competition from other land companies, expectation of gas yield, etc. Take a look at the Barnett Shale blog to see what neighboring communities have been offered. That’s a good place to start. Best of luck Ron

  6. david stewart, on May 10, 2008 at 12:10 pm said:

    Hello I own property in John Stephens addition located at Davis and West Pioneer Parkway. Is any one aware of a neighborhood group?

    Dave

  7. Michael Tim, on February 28, 2009 at 12:13 pm said:

    I love your site! 🙂

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