The End of Era and other issues

[SWAPO2 Neighborhood Rights]

In case you haven't heard yet, the price of natural gas has dropped in early November 2008 to only less than half what it was when our SWAPO2 deal ended in August 2008. No companies are signing new leases in our area, and if they do start up again it will likely be for much less money. We do get the occasional message from someone who could not sign a contract in time, but no deal can last forever. We feel very fortunate to have moved as quickly as we did in February 2008 and get the thousands of owners signed up and paid in only six months, record time in the Barnett Shale dealings for our area. 

We will continue to monitor the environmental impact of potential drilling and pipelines through our SWAPO2 area, and should drilling commence involving our area property owners, we will try to keep you informed. But again, with the current global economic decline in energy prices and production, it may be awhile until developers can make a profit any any area of the Barnett Shale, not just ours.

As for lingering issues about street-rights bonuses, most received this acreage by default in the original contract, and many have already received additional bonus checks. We do have a very small number left over who claim to have been promised a street-rights bonus additional check but have not received it. So far, we have only heard from less than a half-dozen individuals, but if you think you were promised additional money orally or in writing, please fill out and submit the Discrepancy Form by clicking here.