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2008-10-18 NETGLO Agenda

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2008-10-18 NETGLO Agenda Powered By Docstoc
					           NETGLO
North East Tarrant Gas Leasing Organization
      Public Meeting October 18, 2008
         Website: http://netglo.org
       E-Mail: netglo08@yahoo.com
               Agenda
•   Who’s NETGLO & Where Are We Going
•   Retained attorney
•   Gas company contact
•   Lease comparison
•   Request For Proposal
•   Q&A
                     Who Is NETGLO ?
• NETGLO is North East Tarrant Gas Leasing Organization
• Subdivisions/Neighborhoods represented:
 Brandon Wood            Fair Oaks Estates                  Maria de La Luce Estates
 Brentwood Estates       Flying Trail                       North Park Plaza Addition
 Briarwood               Forest Glen - Original             Oak Hills Addition Phase 1
 Bridlewood Estates      Forest Glen East                   Oak Hills Addition Phase 2
 Buckner Lane            Forest Glen North                  Quail Valley
 Calais Estates          Foster Village                     Ridgewood
 Carriage Gate           Fox Glenn Addition                 Sarah Brooks Estates
 Century Oaks            Fox Hollow #1                      Shady Lane North and South
 Chase Oaks              Heatherwood Estates Phase 1        Shady Oaks 1
 Clara Lane              Heatherwood Estates Phase 2        Shady Oaks 2
 Clay Hibbons            Hidden Lakes                       Smithfield Acres
 Coventry Estates        Highland Creek/Meadows             Stone Ridge (Keller)
 Crane Road Area MOC     Highland Oaks                      Stoneybrooke & Stoney Ridge (NRH)
 Crestwood Estates       Kingswood Estates                  Streets off Shady Grove East
 Estates of Oak Run      Lakes of Highland Oaks (Phase 1)   Western Oaks
 Evergreen Estates       Lakes of Highland Oaks (Phase 3)   Whitley Road
                         Londonderry                        Willis Coves
    Where is NETGLO Going?
•   Continuing to solidify membership (at least 51% LOI)
•   Assist HOA’s and home owners with LOI’s
•   Respond to inquiries from HOA’s and individual home owners
•   Research and publish FAQ’s
•   Continue awareness campaign with gas / oil companies
•   Completed and published Lease Comparison
•   Interviewed and secured legal counsel
•   Finalized Request for Proposal


• OUR GOAL: Secure a lease agreement for all homeowners that
  has as high of a signing bonus as possible and a high royalty
  percentage while balancing contractual terms and conditions
  concerning quality of life, safety and the environment.
                                       TITAN                              XTO                          Petrocasa                        Chesepeake

Item   Terms & Conditions              CAMRA                          Sarah Brooks                    Keller/NRH                      360 Coalition

 1     Signing Bonus         $25,000                       3    $20,000                    1    $20,000                    1    $23,500                   2

 2     Depth (feet)          1,000                         5    100                        1    500                        3    100                       1

 3     Primary Term          3+2                           3    3+2                        3    3                          4    3+2                       3

 4     Royalty               25.5%                         4    25%                        2    25%                        2    25%                       2
                             no deduct's                        deduct's if market enh.         deduct's if market enh.         deduct's if market enh.

 5     Shut-In Royalty       $250/acre                     5    $100/acre                  3    No Provision               1    $100/acre                 3
                             Max12 months/2 yrs agg.            24 months/3 years agg.                                          24 months/3 years agg.

 6     Continuous            90 days                       4    90 days                    3    60 days                    2    90 days                   4
       Development           Density = 40 acres or reas.        No density req't                No density req't                Density = 40 acres or
                             prud. operator                                                                                     reas. prud. operator

 7     Pooling oil/gas       40/640                        3    80/640                     2    40/160                     4    40/640                    3
       Offset wells          330' or RPO                        RPO                             660' or RPO                     467' or RPO

 8     Most Favored Nation   YES                           5    NO                         3    NO                         3    NO                        3

 9     Set Back (feet)       1,000                         5    300                        2    200                        1    1,000                     5

10     Insurance             Spelled out                   5    City complaince            3    City compliance            3    Spelled out               5

11     Trucks Allowed in     NO                            5    No Provision               1    No Provision               1    NO                        5
       HOA streets

12     Force Majeure         2 years agg. no permit        4    No Period Specified        1    No Period Specified        1    18 Month agg.             5

13     Subordination prot.   YES                           5    YES                        5    YES                        5    YES                       5

14     Water Testing         YES                           5    Not Specified              1    Not Specified              1    Not Specified             1

15     Damages covered       YES                           5    YES                        5    YES                        5    YES                       5

16     Release & Discharge   YES                           5    YES                        5    YES                        5    YES                       5
       of Committee

17     Eminent Domain        YES                           5    Not Specified              1    Not Specified              1    Not Specified             1

18     No Surface Oper.      YES                           5    YES                        5    YES                        5    YES                       5
       Requirement

19     Depth Severance       YES                           5    YES                        5    YES                        5    YES                       5

20     Survival of no        YES                           5    NO                         5    YES                        5    YES                       5
       surface req't

                                                SCORE      91                      SCORE   57                      SCORE   58                   SCORE     73

                                           LEASE RANK      2              LEASE RANK       9              LEASE RANK       7               LEASE RANK     3

				
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